BTC/USDT 4-Hour K-Line Analysis: Oversold Rebound Continues, Medium-Term Downward Pressure Still Exists

Key Support and Resistance Levels

• Resistance Levels

1. First Resistance Level: 90,000 round number, resonating with MA20 (90,415.4), forming a resistance zone, and serving as the first critical hurdle for the bulls' rebound.

2. Second Resistance Level: 91,723.4 (MA30), this medium-term moving average is an important dividing line in the battle between bulls and bears.

3. Third Resistance Level: 93,359.7 (MA50), only after breaking through this level can the medium-term downward pressure be alleviated.

• Support Levels

1. First Support Level: 89,665.2 (MA5), the current short-term support for the rebound; if lost, it may trigger profit-taking and exit.

2. Second Support Level: 87,256.2 (recent low), the extreme low point of this round of decline; breaking below could open a new downward space.

Technical Indicator Analysis

• Moving Average System: Short-term MA5 crosses above MA10 to form a golden cross, indicating a revival of short-term bullish momentum, but the price remains below MA20, MA30, MA50, and MA100, with the medium-term moving averages arranged in a bearish pattern, and downward pressure has not been fully relieved.

• MACD Indicator: DIF line crosses above DEA line at a low level to form a bullish crossover, MACD histogram shifts from green to red, indicating that the downward momentum is significantly weakening, and rebound energy is accumulating.

• RSI Indicator: Value is 40.2, in a neutral to slightly bearish zone, not yet entering a strong zone, reflecting that bullish strength still needs further confirmation.

• Volume: During the rebound, volume gradually increases, showing funds are entering the market to support, but no explosive growth in volume has occurred, and market sentiment remains cautious.

Summary and Trading Suggestions

Currently, BTC/USDT is in a pattern of “oversold rebound continuation, with medium-term downward pressure still present.” If the price breaks through 90,000 with volume and stabilizes, it can be considered bullish, targeting 91,723.4; if it retraces and breaks below 89,665.2 (MA5), caution should be exercised for a second bottom, with key support at 87,256.2 being closely watched.