Bitcoin is currently at a critical juncture—price level 90453 is simultaneously touching the 200-day moving average and a short-term downward trend resistance. From a technical perspective, the Eagle indicator has entered the overbought zone and there are signs of bearish divergence. These signals together suggest there is significant downside pressure for a correction.
What about the macro outlook? The Federal Reserve has recently adopted a more hawkish stance, clearly indicating that rate cuts are on hold and not ruling out the possibility of rate hikes. This has directly pushed up the US dollar index, and market inflows have become less enthusiastic. The crypto market is being affected as well, with selling pressure on Bitcoin increasing.
In the short term, $BTC can consider short positions in the 89500-90000 range. If a breakdown occurs, the target zones are 88000-86000. Similarly, for $ETH , based on the same logic, short positions can be placed in the 2970-2985 range, with downside targets at 2900-2850.
Market sentiment is a bit tense, but this also presents a good opportunity to buy low and sell high.
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TokenTherapist
· 14h ago
Divergence on the top and still not selling? This time it really feels like a breakdown.
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SelfSovereignSteve
· 14h ago
The Federal Reserve gets hit every time it shows some backbone. Now it's all good.
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APY追逐者
· 14h ago
Top divergence + overbought, this wave is indeed a bit dangerous. Still need to hold the 89,500 line.
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tx_or_didn't_happen
· 14h ago
Another bearish divergence? It should have dropped long ago. The accumulation of negative news is really holding it back.
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OnchainDetective
· 14h ago
The Federal Reserve is really about to stir things up; all the money is about to be pulled back in.
#数字资产市场动态 $BTC
Bitcoin is currently at a critical juncture—price level 90453 is simultaneously touching the 200-day moving average and a short-term downward trend resistance. From a technical perspective, the Eagle indicator has entered the overbought zone and there are signs of bearish divergence. These signals together suggest there is significant downside pressure for a correction.
What about the macro outlook? The Federal Reserve has recently adopted a more hawkish stance, clearly indicating that rate cuts are on hold and not ruling out the possibility of rate hikes. This has directly pushed up the US dollar index, and market inflows have become less enthusiastic. The crypto market is being affected as well, with selling pressure on Bitcoin increasing.
In the short term, $BTC can consider short positions in the 89500-90000 range. If a breakdown occurs, the target zones are 88000-86000. Similarly, for $ETH , based on the same logic, short positions can be placed in the 2970-2985 range, with downside targets at 2900-2850.
Market sentiment is a bit tense, but this also presents a good opportunity to buy low and sell high.