BTC Daily Chart Analysis — Weak Consolidation Seeking Direction

Resistance Levels
• First Resistance: $91,200-$91,600 (MA10 + recent rebound high, short-term selling pressure zone)
• Strong Resistance: $94,800-$95,000 (MA100 + previous decline platform, medium-term key resistance)
Support Levels
• First Support: $89,000-$89,300 (recent consolidation low, short-term bullish defense line)
• Strong Support: $79,900-$80,200 (previous correction low, critical defensive position)
Technical Indicator Interpretation
1. Moving Averages: Short- and medium-term moving averages (MA5/MA10/MA20/MA30) are in a bearish alignment, with MA5 crossing below MA10 forming a weak death cross, indicating the medium-term bearish trend remains unchanged; short-term moving averages show signs of flattening, with price trapped between short- and medium-term moving averages, awaiting direction.
2. MACD: The two lines form a death cross below the zero axis, with the red histogram turning green and continuing to expand, indicating bearish momentum is regaining dominance, while bullish rebound momentum is insufficient.
3. RSI: Current reading is 42.3, in a neutral to slightly bearish zone, oscillating at low levels, market sentiment is cautious, with a need for a correction from oversold conditions but lacking volume support.
4. Volume: During the correction, volume remains low, with no significant bullish candles during the rebound phase; volume has consistently been below MA5/MA10 average lines, indicating the market is dominated by internal capital battles, lacking new capital influx.
5. Bollinger Bands: The bands are continuously narrowing, with the upper band trending downward and the lower band flattening; price is operating below the middle band, confirming a consolidation pattern, with the 90,000 USD level being a key short-term battle zone between bulls and bears.
Summary
BTC is in a weak consolidation phase on the daily chart, with bearish moving average alignment and insufficient volume constraining upward movement. The current price approaches recent consolidation lows, and whether support levels can stabilize will be crucial for future direction. The market is at a critical point of supply and demand battle; until clear volume-driven stabilization signals appear, the weak consolidation pattern is unlikely to change.