Thursday, 12.25 Midday Market Analysis. Currently, the overall trend shows that the daily chart of Bitcoin indicates a recent continuous decline in price, forming multiple bearish candles, presenting a weak overall pattern. The hourly chart is consolidating around 87,000 with reduced volatility, indicating a short-term decision point. Technical indicators show that the hourly MACD is below the zero line, with both DIF and DEA negative, indicating a clear bearish trend, but the green bars are shortening, suggesting a potential stabilization. The hourly RSI is at 44, not in the oversold zone, indicating that market sentiment is neutral to slightly weak. The EMA7
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.
Thursday, 12.25 Midday Market Analysis. Currently, the overall trend shows that the daily chart of Bitcoin indicates a recent continuous decline in price, forming multiple bearish candles, presenting a weak overall pattern. The hourly chart is consolidating around 87,000 with reduced volatility, indicating a short-term decision point. Technical indicators show that the hourly MACD is below the zero line, with both DIF and DEA negative, indicating a clear bearish trend, but the green bars are shortening, suggesting a potential stabilization. The hourly RSI is at 44, not in the oversold zone, indicating that market sentiment is neutral to slightly weak. The EMA7