【BTC Technical Analysis | Breakdown and Downtrend, Focus on Key Support Levels】

#欧美关税风波冲击市场
Market Review and Qualitative Analysis
BTC has confirmed a breakdown on the 4-hour chart, with the price falling below the key psychological level of $90,000, reaching a low of $89,813. Currently, all short- and medium-term moving averages are in a bearish alignment, with the price trading below them, indicating a clear bearish market structure. There is a weak rebound around $90,000, but overall sentiment remains extremely fragile, and any upward movement faces heavy selling pressure.

Multi-dimensional Technical Indicator Interpretation

1. Moving Average System: MA5 (90455) and MA10 (90798) have become immediate resistance levels during recent rebounds. All medium- and long-term moving averages from MA20 to MA120 are above the current price, forming multiple layers of resistance from top to bottom, with the $91,450-$92,000 region being an initial strong resistance zone.
2. Key Price Levels:
· Support below: The primary focus is on the struggle around the $89,800-$90,000 area, where recent lows and psychological levels intersect. If this support is effectively broken, the downside could open directly to $88,500, and even $88,000.
· Resistance above: The first hurdle during a rebound is at $90,400-$90,700 (MA5-MA10), with strong resistance in the dense moving average zone at $91,500-$92,000. The price needs to break above this area decisively to temporarily halt the downtrend.
3. Momentum Indicators: The MACD lines are diverging downward again below the zero line, with the green bars enlarging, confirming an increase in bearish momentum. The RSI is near oversold levels, indicating pessimistic market sentiment, but has not yet reached extreme oversold conditions, suggesting there may still be room for further downside.

Risk Warning
The above analysis is based solely on current chart perspectives and personal opinions. Market volatility is high, and strategies may quickly become invalid. Please ensure proper position management, set stop-losses, and be responsible for your gains and losses.

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