Looking at this BTC perpetual 4-hour chart, old friends, I'll get straight to the point: the market is conveying some key signals. After reaching a high near 92561.6, the price has currently pulled back and is consolidating, with the current candlestick struggling around 89500. The most noteworthy aspect is these two moving averages: the 7-period yellow line at 89910.3 and the 30-period blue line at 90620.1. The short-term moving average has already turned downwards and shows a tendency to cross below the long-term moving average, which is usually not a good sign, indicating a weakening bullish momentum and accumulating adjustment pressure.
Looking at the trading volume, the recent volume has not effectively expanded during the rebound; instead, it is relatively noticeable during the price pullback, which is a sign of weakness in upward momentum. Above the price, the area from 90449.9 to 90620.1 (MA30) constitutes the first strong resistance zone, while around 87688 below is the recent key support platform. Jun's view is very clear: after experiencing a wave of highs, the market is currently in a phase of bullish consolidation and bearish testing. Before there is a clear signal of a volume rebound, it is unwise to be blindly optimistic. Next, my fans should do this: First, for those with heavy positions, be sure to closely monitor the support level at 87688. If the price breaks below this level with increased volume, you should decisively reduce your position to control risk. For friends looking to enter the market, please be patient; now is definitely not the time to chase high prices. The ideal layout timing is to wait for the price to either break through strongly and stabilize above the 90620 moving average resistance with increased volume, or to see a clear contraction and stabilization near the 87688 support before a renewed upward breakout signal. Remember, before the direction is clear, observe more and act less; preserving capital is always the top priority. The market is never short of opportunities; what it lacks is patience and discipline.
