Technical Analysis: In the short term (15 minutes/1 hour), BTC has recently experienced significant volatility, rapidly falling from 94,000 to around 91,500. Short-term moving averages are in a bearish alignment, the MACD has formed a death cross, and the RSI has entered oversold territory, indicating a bearish trend but with potential for a technical rebound. The 4-hour chart shows a broken uptrend, with a death cross of moving averages and the MACD turning green, indicating a pullback and consolidation phase. The daily chart still maintains an upward structure, with the MACD above the zero line but weakening momentum, representing a healthy pullback within the trend.
News: On the positive side, Morgan Stanley applied for a BTC/SOL spot ETF, BlackRock continued to increase its holdings of BTC and ETH, and Walmart launched a crypto trading function. On the risk side, short-term miners are switching to BTC, the Meme coin crash and tightening regulations have caused emotional fluctuations, and BTC falling below 93,000 and 92,000 has exacerbated short-term selling pressure, with panic still present.
Key Levels: Short-term Resistance: 93000 / 93500 Short-term Support: 92000 / 91500 (break below or test 90000) Medium- to Long-term Support: 90000, strong support zone 88000–87000 Trading Strategy: Avoid blindly buying the dip in the short term. Wait for 91500–92000 to stabilize and show reversal signals before attempting a small long position. If the rebound is weak and breaks below 91500, be wary of further declines. For medium- to long-term positions, consider phased entry, viewing pullbacks as market corrections rather than trend reversals, and strictly control position size and stop-loss orders. Recommended safe and reliable exchange with zero slippage, offering a 50% commission rebate upon registration: https://www.ktx.com/zh/login/register?invite_code=KTX888