Gate Research Institute: Mainstream coins fluctuate at low levels | Options selling pressure continues to suppress BTC upward movementCryptocurrency Asset Overview
BTC (-2.01% | Current price 88,558.7 USDT)
In the past 24 hours, BTC has fallen from above $90,000 to a low of $87,581, showing an overall weak downward trend. In the short term, it is in a low-volatility consolidation phase after technical oversold conditions. MA5 < MA10 < MA30, a typical bearish alignment, indicating that market sentiment remains weak; meanwhile, the price continues to stay below MA30, demonstrating that both short-term and medium-term trends are dominated by bears. During the decline, trading volume did not significantly increase, suggesting sustained selling pressure rather than panic selling, but bullish buying has not yet appeared prominently. Short-term traders can watch for support signals in the $87,500–$88,000 range; if $87,500 is effectively broken, the price may decline further to the $86,500–$86,000 zone.
GateResearch·14h ago