Bitcoin has recently been fluctuating between 90494 and 90758, which gives a somewhat powerless feeling. The moving average system (5-day, 10-day, 20-day lines) are all clustered together, indicating that the bulls and bears are temporarily at a stalemate. More importantly, the MACD indicator has just formed a death cross, which usually means that the short-term upward momentum has been exhausted.



From the current situation, Bitcoin is at a critical turning point. Both bulls and bears are waiting for the other to show a flaw first, and the market appears somewhat frozen. In this case, if you hold a position, now is a good time to consider taking partial profits and not be too greedy. If you haven't entered the market yet, instead of guessing the direction, it's better to wait. Wait until the breakout signal is clear before taking action; this will increase the success rate.

For position management, holders can consider reducing their holdings to 50% to lower risk; those with no position should patiently watch and observe the subsequent trend. As for specific levels, take profit around 90758.7, and set stop loss near 90494.0.
BTC0.13%
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GasFeeDodgervip
· 23h ago
A death cross has occurred. This time, we really need to wait for a breakout. After such a long consolidation, no one should force it. Still messing around here. When the MACD shows a death cross, it's time to act. Reducing 50% of the position is really a safe move. It's a bit tough around 90758. I'll just wait and see. The most annoying thing now is this stagnant market; neither bulls nor bears have any strength. When the moving averages are close together, it indicates no clear direction. Let's wait for a signal, everyone. Reducing 50% at this position is correct. Greed is the biggest killer. When a death cross appears, my heart starts pounding. It's better to run half first. The most frustrating thing about a stagnant market is that instead of guessing blindly, it's better to wait for a breakout. The suggestion to reduce 50% sounds reliable. Don't just throw a tantrum here.
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GhostAddressMinervip
· 23h ago
A death cross has occurred. This wave looks like big players are shaking out. The on-chain footprints around 90494 are interesting; we need to keep an eye on when those dormant wallets will move.
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WalletDivorcervip
· 01-10 15:57
What are you waiting for after the death cross? Reduce your position quickly and don't wait to get liquidated.
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ImpermanentPhobiavip
· 01-10 15:35
Whenever a death cross appears, I start to panic. Is this really going to drop this time?
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