Bitcoin has once again delivered a shock today, with the intraday low dipping below $90,000. The short-term bulls are clearly unable to hold up.
This decline is not unwarranted, as AI concept coins are collectively pulling back, coupled with signals from the Federal Reserve that are not very friendly, and all risk assets are taking a hit.
Currently, the market is stuck in a delicate position: • The $90,000 level is crucial; if it can't be held, there may be further downside to find support • Want to regain strength? You need to first stabilize above the $94,000 resistance level
Regarding technical indicators, the RSI has already issued some signals. In the short term, sentiment is heavily cautious. It is recommended to wait for clearer direction before taking action—don't rush to buy the dip.
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Whale_Whisperer
· 4h ago
The 90,000 break was just the beginning; it still needs to go lower. This wave is really quite fierce.
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Anon4461
· 12-12 05:54
If it breaks 90,000, it will really be troublesome. This time, the bulls truly can't hold up.
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GasFeeSobber
· 12-12 05:53
If you can't hold onto 90,000, it seems like there's still more to test downward. The chain reaction of AI coins this time is really fierce.
The Federal Reserve isn't very friendly, and the entire market has to take the hit.
It's better not to rush at this point. Wait for the RSI signal before going back in.
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Blockblind
· 12-12 05:47
90,000 break, it's really time to reflect. As soon as the Federal Reserve acts, the crypto world is all blood.
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ChainProspector
· 12-12 05:45
With 90,000 broken, what else are you thinking? Just keep waiting and keep throwing more in.
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RektRecorder
· 12-12 05:37
If you can't hold onto 90,000 this time, it's really over. Where is the bottom?
Bitcoin has once again delivered a shock today, with the intraday low dipping below $90,000. The short-term bulls are clearly unable to hold up.
This decline is not unwarranted, as AI concept coins are collectively pulling back, coupled with signals from the Federal Reserve that are not very friendly, and all risk assets are taking a hit.
Currently, the market is stuck in a delicate position:
• The $90,000 level is crucial; if it can't be held, there may be further downside to find support
• Want to regain strength? You need to first stabilize above the $94,000 resistance level
Regarding technical indicators, the RSI has already issued some signals. In the short term, sentiment is heavily cautious. It is recommended to wait for clearer direction before taking action—don't rush to buy the dip.