Currently, the price of Bitcoin just touched the upper resistance line of the recent downtrend, also hitting the key 200-day moving average at 90453, and the Eagle indicator has already entered the overbought zone, with a bearish divergence also appearing!
The Federal Reserve has recently issued hawkish signals of "pausing rate cuts or even possibly raising rates," causing the US dollar index to rise slightly. The influx of capital into the crypto market has weakened, making Bitcoin more susceptible to selling pressure.
Bitcoin: Range around 89500-90000, with targets at 88000-86000
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Today's public thinking reference:
Currently, the price of Bitcoin just touched the upper resistance line of the recent downtrend, also hitting the key 200-day moving average at 90453, and the Eagle indicator has already entered the overbought zone, with a bearish divergence also appearing!
The Federal Reserve has recently issued hawkish signals of "pausing rate cuts or even possibly raising rates," causing the US dollar index to rise slightly. The influx of capital into the crypto market has weakened, making Bitcoin more susceptible to selling pressure.
Bitcoin: Range around 89500-90000, with targets at 88000-86000
Altcoin: Range around 2970-2985, with targets towards 2900-2850 $BTC #2025Gate年度账单 $ETH #加密市场小幅回暖