Last night, Bitcoin surged from 94,500 but quickly faced pressure, and has now broken below the 90,500 rebound high, then gradually declined. This rapid pullback reflects a significant weakening of bullish momentum, with selling pressure remaining heavy above the market.
From a technical perspective, the 4-hour candlestick moving averages are showing signs of a bearish alignment. The RSI indicator has fallen below the 50 mark, pushing the market into a clear weak state. Observing the order book features, volume shrinks during rebounds and expands during declines, clearly indicating that bearish forces are continuously strengthening. Once the previous low of 91,900 is effectively broken, subsequent rebounds could present shorting opportunities.
Target levels reference: $BTC In the short term, watch 89,000; in the medium to long term, focus on the 86,000-78,000 range below. $ETH As for $BTC , it aligns with the 3,190-3,000 zone, with a longer cycle view targeting 2,700-2,500.
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0xDreamChaser
· 13h ago
94500 surged high and then ran away, this wave of bears is indeed fierce.
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GateUser-00be86fc
· 12-11 02:52
Another bearish signal? Come on, that talking point. What about the last low? It already rebounded back long ago.
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HorizonHunter
· 12-11 02:48
Here they go again, talking down every time. And what's the result?
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ThreeHornBlasts
· 12-11 02:48
It dropped again, and this time it's a bit scary. The bears have indeed been gathering strength in this wave.
#以太坊行情技术解读 12.11 Market Morning Review: Bearish Signals Gradually Clarify
Last night, Bitcoin surged from 94,500 but quickly faced pressure, and has now broken below the 90,500 rebound high, then gradually declined. This rapid pullback reflects a significant weakening of bullish momentum, with selling pressure remaining heavy above the market.
From a technical perspective, the 4-hour candlestick moving averages are showing signs of a bearish alignment. The RSI indicator has fallen below the 50 mark, pushing the market into a clear weak state. Observing the order book features, volume shrinks during rebounds and expands during declines, clearly indicating that bearish forces are continuously strengthening. Once the previous low of 91,900 is effectively broken, subsequent rebounds could present shorting opportunities.
Target levels reference: $BTC In the short term, watch 89,000; in the medium to long term, focus on the 86,000-78,000 range below. $ETH As for $BTC , it aligns with the 3,190-3,000 zone, with a longer cycle view targeting 2,700-2,500.
$ETH $BNB