Price surged to the $90,400 level before entering a correction cycle, with the intraday low touching $86,800. It then quickly recovered some of the losses, forming a "long lower shadow" bottoming and rebound pattern, with a significant stabilization signal. The volume dimension shows characteristics of "shrinking during the correction and expanding during the rebound," with selling pressure volume during the decline decreasing by more than 30% compared to earlier increases. No signs of sustained volume outflows are observed, confirming strong bullish continuation willingness. Market capital flow remains active at a high level, providing financial support for subsequent rebounds.
Technically, the 4-hour chart shows prominent features: after price dipped below the lower Bollinger Band (86,500 USD), it quickly rebounded. The support at the lower band was validated, and the price has now re-entered the Bollinger Band range, with the band width gradually narrowing, indicating an approaching breakout. The 5-day and 10-day moving averages maintain a golden cross, with the price bouncing near the 20-day moving average (87,200 USD), which provides support. The short-term moving average system remains bullish, and the trend structure has not been broken.
On the indicator level, the 4-hour MACD runs above the zero line, with the green bars continuously shortening, approaching a golden cross resonance, indicating a shift toward bullish momentum. The Relative Strength Index (RSI) has fallen from the overbought zone (above 70) to around 55, fully releasing correction pressure, with no signs of bearish divergence. After the previous high breakthrough at $90,400, the current pullback did not break the key neckline at $87,000, representing a standard "breakout - retest - confirmation" pattern.
Overall, the short-term downward momentum has significantly weakened. Indicators such as moving averages, MACD, and RSI are resonating to support the bullish outlook. The technical setup now clearly favors a bullish window, with the next focus on the strength of the breakthrough of the $90,000 level.
Therefore, the current overall focus should be on the substantial breach below the $86,800 level. If it does not break, the downward channel will be difficult to open. Stabilizing at this level is very likely to lead to another rebound, pushing above the $90,000 mark.
Specific trading suggestion: Consider attempting a long position near the $86,300-$86,800 zone, aiming for a profit space of 500-6000 points. If the price decisively breaks below the support at $86,000-$85,800, stop-loss should be executed immediately and reversed, following the trend downward.
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Price surged to the $90,400 level before entering a correction cycle, with the intraday low touching $86,800. It then quickly recovered some of the losses, forming a "long lower shadow" bottoming and rebound pattern, with a significant stabilization signal. The volume dimension shows characteristics of "shrinking during the correction and expanding during the rebound," with selling pressure volume during the decline decreasing by more than 30% compared to earlier increases. No signs of sustained volume outflows are observed, confirming strong bullish continuation willingness. Market capital flow remains active at a high level, providing financial support for subsequent rebounds.
Technically, the 4-hour chart shows prominent features: after price dipped below the lower Bollinger Band (86,500 USD), it quickly rebounded. The support at the lower band was validated, and the price has now re-entered the Bollinger Band range, with the band width gradually narrowing, indicating an approaching breakout. The 5-day and 10-day moving averages maintain a golden cross, with the price bouncing near the 20-day moving average (87,200 USD), which provides support. The short-term moving average system remains bullish, and the trend structure has not been broken.
On the indicator level, the 4-hour MACD runs above the zero line, with the green bars continuously shortening, approaching a golden cross resonance, indicating a shift toward bullish momentum. The Relative Strength Index (RSI) has fallen from the overbought zone (above 70) to around 55, fully releasing correction pressure, with no signs of bearish divergence. After the previous high breakthrough at $90,400, the current pullback did not break the key neckline at $87,000, representing a standard "breakout - retest - confirmation" pattern.
Overall, the short-term downward momentum has significantly weakened. Indicators such as moving averages, MACD, and RSI are resonating to support the bullish outlook. The technical setup now clearly favors a bullish window, with the next focus on the strength of the breakthrough of the $90,000 level.
Therefore, the current overall focus should be on the substantial breach below the $86,800 level. If it does not break, the downward channel will be difficult to open. Stabilizing at this level is very likely to lead to another rebound, pushing above the $90,000 mark.
Specific trading suggestion: Consider attempting a long position near the $86,300-$86,800 zone, aiming for a profit space of 500-6000 points. If the price decisively breaks below the support at $86,000-$85,800, stop-loss should be executed immediately and reversed, following the trend downward.