#特朗普向欧洲实施关税措施 【Market Observation】Bitcoin surges in the afternoon then pulls back; technical outlook shifts
This afternoon, Bitcoin briefly surged to 90,088 but then accelerated downward, now trading below the MA7 moving average, which has also turned downward—this is not a good sign.
Looking back at volume, during the previous continuous upward attempts, trading volume kept shrinking. When the price reached high levels, long upper shadows appeared along with increased volume on bearish candles. This combination indicates that the bulls are losing strength. Selling pressure is clearly intensifying, and the market is shifting from bullish to cautious.
Currently, the price has fallen back to around the MA30 moving average seeking support, which is a critical level. If it cannot hold here, the price will need to find a bottom further down, with the first support at the 89,000 integer level. Going lower, the 87,000-87,500 zone is the real buffer zone.
**Trading Strategy**
Short position setup: Enter short positions gradually within the 90,000-90,500 range
Profit targets: First target at 89,000; second target at 87,000-87,500
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RektDetective
· 9h ago
It's the same pattern again: a long upper shadow combined with a volume-increasing bearish candle. A typical sign that the bulls are losing momentum. The shrinking volume should have been clear long ago.
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BearMarketNoodler
· 15h ago
It's the same pattern again. When the volume shrinks from high levels, they start to bearish. I think it's time to reverse and go long.
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RugResistant
· 15h ago
ngl the volume divergence here is screaming red flags... that wick at the top paired with selling pressure? classic distribution pattern tbh. MA7 break already happened, so unless we see some serious buying pressure around 89k this could get ugly real quick. been tracking these exact setups for months and they rarely end well for longs. DYOR but the technicals are looking sus rn.
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IfIWereOnChain
· 15h ago
Breaking below 90K is quite aggressive. With declining volume, daring to push for the top—I've seen this pattern too many times. It's just a desperate struggle by the bulls.
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DustCollector
· 16h ago
Is it going to dump again? It was rising nicely yesterday, and today it turned around... It's hard to say whether we'll see or not.
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GasGuru
· 16h ago
High-volume contraction at the top signals it's time to run. It now seems that the bulls are truly losing strength. Breaking below 89,000 would be the real trouble.
#特朗普向欧洲实施关税措施 【Market Observation】Bitcoin surges in the afternoon then pulls back; technical outlook shifts
This afternoon, Bitcoin briefly surged to 90,088 but then accelerated downward, now trading below the MA7 moving average, which has also turned downward—this is not a good sign.
Looking back at volume, during the previous continuous upward attempts, trading volume kept shrinking. When the price reached high levels, long upper shadows appeared along with increased volume on bearish candles. This combination indicates that the bulls are losing strength. Selling pressure is clearly intensifying, and the market is shifting from bullish to cautious.
Currently, the price has fallen back to around the MA30 moving average seeking support, which is a critical level. If it cannot hold here, the price will need to find a bottom further down, with the first support at the 89,000 integer level. Going lower, the 87,000-87,500 zone is the real buffer zone.
**Trading Strategy**
Short position setup: Enter short positions gradually within the 90,000-90,500 range
Profit targets: First target at 89,000; second target at 87,000-87,500
Market sentiment has changed; operate cautiously.