#数字资产市场动态 Saturday Bitcoin Review: Several Signals Revealed by Technical Indicators



Observing $BTC's performance around 95,200, the price remains consistently below the MA5, MA10, and MA20, with the moving averages generally flat, indicating a lack of clear short-term direction.

On the indicator front, although the MACD bearish momentum is beginning to weaken, it still remains below the zero line, so the bearish trend has not reversed. Looking at the Bollinger Bands, the price is close to the middle band and approaching the upper band, facing solid resistance. The RSI is in a neutral position, with bulls and bears evenly matched. The KDJ is near the overbought zone at high levels, with downward correction pressure building up.

Interestingly, the funding side shows that the funding rate is basically flat, indicating that bullish and bearish sentiments are in balance. However, the volume activity is quite telling: increasing volume during declines and decreasing volume during rebounds, which often signals a weak market. Both futures and spot are experiencing net outflows, suggesting short-term pressure.

Looking at the candlestick patterns, the 94,000 to 95,800 range has seen repeated oscillations, with multiple rebounds from the lows but encountering resistance each time higher up. The recent small bearish candle has very low volume, indicating a market in wait-and-see mode.

From a trading perspective, if the rebound reaches around 95,700 and stalls again, consider a light short position. Set the stop-loss at 96,700, with the first target at 94,800. If broken, then aim for 94,270.
BTC0,37%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
LuckyBlindCatvip
· 7h ago
Another volatile market trend, it's just annoying to watch. The decline with increased volume followed by a rebound with decreased volume is a typical sign of low popularity.
View OriginalReply0
CountdownToBrokevip
· 7h ago
97,500 still can't break through? Then just wait and smash it. Lightly short to test the feel.
View OriginalReply0
VibesOverChartsvip
· 7h ago
95700 is a resistance level, should I short now? Bro, I've seen this trick too many times. Every time, I get caught in the trap and get slapped with a reverse move. Let's wait until it breaks through before making a move.
View OriginalReply0
EyeOfTheTokenStormvip
· 7h ago
A decline with increased volume followed by a rebound with decreased volume is a classic weak market signal. I was trapped by this before...
View OriginalReply0
ShibaOnTheRunvip
· 8h ago
It's the same pattern again, 94-95.8, stuck in a frustrating deadlock. The trading volume decreases during declines and rebounds, clearly indicating weakness. I'll stay on the sidelines and wait for a breakdown signal before taking action.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)