Bitcoin Enters Key Consolidation Window: Upward Momentum Weakens, Support Level Game Intensifies, Conservative Investors Should Wait and Watch for Signals
The current price of Bitcoin stabilizes around 91300, as of 3:45 AM Beijing time. Looking back at previous market conditions, decisively liquidating positions ahead of the news was undoubtedly the optimal solution for profit-taking in this round.
From the current market rhythm, bullish upward momentum has clearly depleted, while bearish downward pressure has not been fully released. The short-term trend likely points to two possibilities: one is entering a sideways consolidation mode over the weekend, with the market waiting for new driving signals; the other is a fierce game around the key support level, where it is not advisable to rush in before the direction is clear.
On the daily K-line level, before the report was published, the price touched the intraday high of 92050 and dipped to a low of 89200, having lost the critical EMA15 moving average level of 91000. The technical indicators show typical divergence: the MACD continues to expand, but the coin price is falling simultaneously; however, the DIF and DEA still maintain a tendency to spread upward from a low position, giving bulls a glimmer of hope for a counterattack. The Bollinger Band pattern shows the upper band continuously pressing down to 94200, forming a strong resistance area, while the price has re-tested the middle band support level of 89900. The trend watershed is clear: if this position is broken by a bearish candlestick and triggers a panic selling scenario, the bearish trend will continue to extend; conversely, if the price holds above the middle band, it is expected to trigger a rebound. The mid-line level should focus on the strong support area around 85500.
On the four-hour K-line dimension, the price has entered a box consolidation phase after breaking the trend indicator. The MACD's contraction is gradually easing, with clear divergence between the DIF and DEA around the 0 axis, overall in a consolidation cycle. The lower Bollinger Band support is at 88800, with mid-band resistance at 91200 and upper band resistance at 93700. The short-term market has not yet broken key support levels, but there is significant demand for a pullback. For investors holding long positions, it is essential to pay attention to the effectiveness of support at 89000; if this position is lost, decisive profit-taking and exiting are necessary, waiting for new entry opportunities; conservative investors are advised to wait and watch, avoiding the current unclear direction's volatility risk.
