Recently, the four-hour chart of Bitcoin has been a bit tense. The price has been oscillating around 87,000, but the overall trend is clearly weak. It just broke below the middle line of the Bollinger Bands and is about to move toward the lower band. The MACD signals are not looking good—DIF and DEA negative divergence is widening, and the histogram is continuously growing, indicating that the bears haven't loosened their grip yet. Looking at the RSI, although the value is relatively low, it hasn't reached an obvious oversold level, so the chances of a rebound are not high.
In the short term, if the downward momentum continues, support around 85,700 should be approached with caution. The key is whether 87,000 can hold—this is an important watershed. Once broken, there could be more significant downside space. The current market is indeed weak, so everyone needs to keep a close eye on these levels and avoid being caught off guard.
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metaverse_hermit
· 13h ago
This threshold of 87,000 really needs to be held, once broken it's game over.
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ApeWithNoFear
· 13h ago
If we can't hold 87000, then we should be prepared to take the hits... see you at the lower band.
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BoredWatcher
· 13h ago
If you can't hold 87,000, be prepared mentally; we might really see a wave coming next.
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TokenomicsTinfoilHat
· 13h ago
If we can't hold 87,000, then we need to prepare to buy the dip. Anyway, it's normal for it to drop to 85,700 this wave.
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New_Ser_Ngmi
· 13h ago
If we can't hold 87,000, then we should prepare to buy the dip.
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HodlOrRegret
· 13h ago
Reaching level 87,000 feels a bit uncertain. If I really break through it, I can't even imagine it.
Recently, the four-hour chart of Bitcoin has been a bit tense. The price has been oscillating around 87,000, but the overall trend is clearly weak. It just broke below the middle line of the Bollinger Bands and is about to move toward the lower band. The MACD signals are not looking good—DIF and DEA negative divergence is widening, and the histogram is continuously growing, indicating that the bears haven't loosened their grip yet. Looking at the RSI, although the value is relatively low, it hasn't reached an obvious oversold level, so the chances of a rebound are not high.
In the short term, if the downward momentum continues, support around 85,700 should be approached with caution. The key is whether 87,000 can hold—this is an important watershed. Once broken, there could be more significant downside space. The current market is indeed weak, so everyone needs to keep a close eye on these levels and avoid being caught off guard.