Recently, Bitcoin's performance in the market has truly been impressive. The level around 87,000 has been tested for quite some time, but the price did not continue to drop; instead, it quickly stabilized and rebounded upward. The lows are gradually getting higher, which is a clear positive signal. Now, Bitcoin has regained the middle to upper band of the Bollinger Bands, and on the four-hour chart, it shows a typical "dip—accumulation—rebound" correction pattern. The bearish momentum is weakening, and the control is shifting more towards the bulls.
All technical indicators are also turning stronger. The MACD has shifted from continuous bearish expansion to a narrowing and flattening trend, indicating that the downward momentum has significantly weakened. The RSI has steadily rebounded from low levels and is now in a neutral to slightly bullish zone, clearly showing market sentiment shifting from defensive to mild recovery. The 87,000 level has been solidified as a stage-level effective support, and the short-term trend has turned into a sideways to slightly bullish consolidation.
This kind of movement leaves plenty of room for the bulls to gather strength. If the trading volume gradually increases along with the price, the probability of continued recovery is quite high, possibly testing previous resistance zones. The market structure has quietly strengthened, and the rebound momentum is still building. The key points to watch next are the confirmation of the direction after consolidation and whether key resistance levels are broken.
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IntrovertMetaverse
· 11h ago
The 87,000 level has finally stabilized. I thought the previous downward move might break the support, but now it seems the bulls still have some strength.
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GateUser-addcaaf7
· 11h ago
The 87,000 line has really held strong. It now seems that the bulls do have some strength.
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TommyTeacher1
· 11h ago
The 87,000 line finally did not let us down. The feeling of stabilizing and upward correction is still comfortable.
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ColdWalletGuardian
· 11h ago
The 87,000 level has indeed stabilized, and it feels like the bulls still have a chance.
Recently, Bitcoin's performance in the market has truly been impressive. The level around 87,000 has been tested for quite some time, but the price did not continue to drop; instead, it quickly stabilized and rebounded upward. The lows are gradually getting higher, which is a clear positive signal. Now, Bitcoin has regained the middle to upper band of the Bollinger Bands, and on the four-hour chart, it shows a typical "dip—accumulation—rebound" correction pattern. The bearish momentum is weakening, and the control is shifting more towards the bulls.
All technical indicators are also turning stronger. The MACD has shifted from continuous bearish expansion to a narrowing and flattening trend, indicating that the downward momentum has significantly weakened. The RSI has steadily rebounded from low levels and is now in a neutral to slightly bullish zone, clearly showing market sentiment shifting from defensive to mild recovery. The 87,000 level has been solidified as a stage-level effective support, and the short-term trend has turned into a sideways to slightly bullish consolidation.
This kind of movement leaves plenty of room for the bulls to gather strength. If the trading volume gradually increases along with the price, the probability of continued recovery is quite high, possibly testing previous resistance zones. The market structure has quietly strengthened, and the rebound momentum is still building. The key points to watch next are the confirmation of the direction after consolidation and whether key resistance levels are broken.