📉 BTC is retesting the support area after a strong decline
In the 4H frame, BTC has just experienced a significant drop from around 94,150 to around 89,000, indicating that selling pressure is still dominating in the short term.
Below are 3 highlights I see from the chart:
1️⃣ Short-term MA crosses below Long-term MA
MA(7) & MA(25) both cross down → a signal indicating that the downtrend is still continuing. The price is below the MA cluster, so the recovery momentum may be weak.
$BTC
2️⃣ Volume decreases as price moves sideways
Volume has shrunk in the past few candles → sellers are slowing down but buyers have not yet gained strength. Usually, this is a waiting phase for a technical bounce or continued decline.
3️⃣ MACD is below the 0 line – the slope is still negative
MACD and the signal line are both pointing down → the downward momentum has not ended. If the histogram narrows, it may indicate a short recovery phase.
👉 In summary:
BTC is temporarily holding at the 89k area, but the main trend on the 4H still leans towards decline.
If it loses 88,000 → the possibility of dropping to 86k.
To reverse the trend, a strong close above 90,500 – 91,000 is needed.
⚠️ This is just personal analysis – not investment advice.
What scenario is everyone leaning towards?
