$BTC Technical Analysis

What is the current state of the market? Honestly, it's a bit stifling. BTC hourly chart is repeatedly hovering around 89902, with the ceiling at 90567 pressing down hard, and the support at 89237 still in place. This is a classic scenario of bullish and bearish confrontation—seemingly calm, but with underlying currents surging.

I took a look at the technical indicators. The BOLL bands are narrowing, and the price is stuck in the middle without much movement. More importantly, MACD shows a dead cross at high levels, with the histogram turning negative to -193.7—this is a clear signal, indicating short-term fatigue. But there's a detail many overlook: a weak market often breeds opportunities for a reversal.

What about on-chain data? Whale movements are steady, and address balances are stable. In other words, big funds are watching quietly, waiting for a trigger point. During such times, retail investors are most prone to panic, which actually creates a good opportunity for ambush.

As for news, there's no need to elaborate—regulatory authorities are still bickering, and market sentiment is very tense. But those familiar with this pattern know that the more ambiguous the situation, the more the technicals will take the lead in speaking.

Two key points to watch:

If BTC volume breaks through 89200, there's a high probability that it will dip to the 88500 or even 88000 range in the short term. Don't rush to sell off; those levels are actually ambush points for the bulls.

Conversely, if it suddenly surges and breaks above 90500, the situation will reverse. Following the trend is fine, with a target above 91500.

In short, we're now in the stage of looking for signals. The direction of the breakout will determine the subsequent rhythm. Struggling to catch up again is useless; real profits come from reacting quickly at the moment of the trend change.