Looking at the hourly chart, the key resistance level at the 90,000 mark becomes a major obstacle—there's significant selling pressure when Bitcoin approaches this integer level, making it difficult to break through in the short term.
On the 4-hour chart, the situation becomes clear. The price is firmly trapped within a consolidation channel, with support and resistance levels clearly marked. Currently, the price is right at the critical resistance line at the upper boundary. The upward momentum is essentially blocked. Don't be fooled by this rebound—volume has been shrinking from start to finish, and the bulls' strength is nearly exhausted. In other words, it's the last gasp of a dying force.
Regarding news, the US initial jobless claims are only 192,000, well below the expected 210,000; Q3 GDP final figures also came in at a high growth rate of 4.3%. This data directly supports a logical conclusion: the Federal Reserve is unlikely to loosen interest rates easily in the near term.
As macro sentiment shifts, market risk appetite cools down accordingly.
In simple terms: structural pressure is high, trading volume is at a bottom, and macro factors are weighing heavily—this rebound won't change the current bearish dominance.
Trading suggestion: Watch for short-term selling opportunities around 90,400-91,000, with support levels at 89,400-88,000. $XRP is also monitoring this.
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FloorSweeper
· 2h ago
yeah ngl the volume collapse is the real tell here—literally watching paper hands capitulate in real time. 90k ain't breaking today, that's just cope.
Reply0
GmGmNoGn
· 5h ago
The volume contraction is so obvious, the bulls are really running out of steam. They just can't break through the 90,000 barrier.
View OriginalReply0
MetaverseHomeless
· 5h ago
The shrinking volume directly indicates everything. This rebound is just a fleeting moment; don't be fooled into getting trapped.
View OriginalReply0
JustHereForMemes
· 5h ago
The shrinking volume indeed requires caution; the bulls are already exhausted.
View OriginalReply0
LayerHopper
· 5h ago
The shrinking volume is indeed a killer. The bulls have run out of tricks, and the 90,000 level won't be broken easily for the time being.
View OriginalReply0
GateUser-0717ab66
· 5h ago
Even with the shrinking volume, still hoping for a breakthrough. This bullish wave is really a bit weak.
#Strategy加仓比特币 1.23 Market Notes:
Looking at the hourly chart, the key resistance level at the 90,000 mark becomes a major obstacle—there's significant selling pressure when Bitcoin approaches this integer level, making it difficult to break through in the short term.
On the 4-hour chart, the situation becomes clear. The price is firmly trapped within a consolidation channel, with support and resistance levels clearly marked. Currently, the price is right at the critical resistance line at the upper boundary. The upward momentum is essentially blocked. Don't be fooled by this rebound—volume has been shrinking from start to finish, and the bulls' strength is nearly exhausted. In other words, it's the last gasp of a dying force.
Regarding news, the US initial jobless claims are only 192,000, well below the expected 210,000; Q3 GDP final figures also came in at a high growth rate of 4.3%. This data directly supports a logical conclusion: the Federal Reserve is unlikely to loosen interest rates easily in the near term.
As macro sentiment shifts, market risk appetite cools down accordingly.
In simple terms: structural pressure is high, trading volume is at a bottom, and macro factors are weighing heavily—this rebound won't change the current bearish dominance.
Trading suggestion: Watch for short-term selling opportunities around 90,400-91,000, with support levels at 89,400-88,000. $XRP is also monitoring this.