Recently, the cryptocurrency market has entered a period of adjustment. Bitcoin (BTC) has fallen from its peak of 88985 to the 86000 level, while Ethereum (ETH) has rapidly adjusted from 3177 to around 2970, showing significant short-term declines. From a technical analysis perspective, the current pullback is still in a consolidation phase, with the K-line structure displaying characteristics of a bearish arrangement, and the market has yet to release a clear signal to stop the decline.

Details on the trading board reveal key signals. BTC has effectively broken below the lower Bollinger Band on the four-hour chart, with the channel opening expanding and bearish momentum continuing to be released; on the daily chart, it is still under pressure from a downward channel, with rebound momentum lacking and sellers holding a significant advantage in the bull-bear struggle. In terms of technical indicators, although the MACD green bars show signs of shrinking, bearish momentum still dominates, and there is no clear signal to stop the decline. This intensified volatile oscillation pattern often indicates that the market is at a critical stage of brewing a new trend, and operations should be approached with caution. $BTC

BTC
BTCUSDT
86,413.7
-0.99%