From the chart presenting the BTCUSD trend of $BTC , the short-term bearish trend still dominates, with a medium to long-term weak oscillation.
The price has continuously retraced from a high of 109,558, currently reported at 88,166.1, with a 7-day decline of 6.07% and a 90-day decline of 24.02%, indicating significant bearish sentiment. The moving average system shows a bearish arrangement, with MA7 (89,944.4) and MA25 (91,122.9) forming resistance above the price. Short-term rebounds often encounter obstacles, reflecting insufficient strength in the bulls' counterattack. In terms of trading volume, VOL's MA5 (214,212) is far higher than the current trading volume (13,189), indicating a decline in market trading willingness, with rebounds lacking volume support.
The key support level below is 81,655.2. If this position is lost, the price may further decline; if it can stabilize at this support and break through the MA7 moving average pressure with increased volume, a phase of rebound may occur. However, the long-term downward trend of MA99 will still constrain the rebound space. Overall, without significant positive stimuli, BTCUSD is likely to maintain a “weak rebound - pressured decline” oscillation downward rhythm in the short term. In the medium to long term, it is necessary to observe volume and the breakthrough situation of key moving averages to judge whether the trend will reverse.
