The 10-week and 50-week moving average crossovers of Bitcoin are indeed significant signals. Historically, such technical reversals have often been followed by a period of correction.
Looking back at historical data, after similar moving average crossover events, the retracement usually ranges between 15% and 25%. If a correction begins from the current level, around 90,000 yuan should become a key support level to watch.
What further illustrates the issue is that both technical and capital flow indicators are signaling. In recent days, the funding rate has remained negative, which essentially means bullish sentiment is cooling off, and the market isn't as exuberant as before. From a market structure perspective, after this rally, a period of consolidation is indeed needed to digest the gains.
However, in a bull market, corrections often also hide opportunities. The key is whether you can manage your positions well and avoid being shaken out during market adjustments.
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WalletInspector
· 01-05 07:31
90,000 support? I think it's uncertain. Last time I said that, how did it turn out?
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PseudoIntellectual
· 01-04 23:19
90,000 is the bottom line. I've long suspected that the negative fee rate thing is happening. The bulls are indeed not as strong anymore.
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BridgeJumper
· 01-04 06:05
Can around 90,000 really hold up? It feels a bit uncertain.
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MemeEchoer
· 01-03 10:52
Here we go again with this routine. Every time the moving averages cross, they say an adjustment is needed, but Bitcoin still keeps rising, and our stop-losses are hit one after another.
Honestly, I've seen negative fee rates too many times, and in the end, isn't it just a quick rebound? Stop with these illusions. The real way to make money is to hold firmly. Don't listen to these analysts bearish predictions.
The 90,000 support level, huh? I bet five bucks it won't break through. When the time comes, they'll change their tune and say it's a false dip and a real rise.
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RiddleMaster
· 01-02 11:54
Can 90,000 really hold? Feels like this time is different.
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MetaverseMortgage
· 01-02 11:52
Here we go again, here we go again. Every time, they say that moving average crossovers are a big signal. But what happened? I've already cut my loss once near 90,000. Would you dare to enter again this time?
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ProbablyNothing
· 01-02 11:47
90,000 support? Can it really hold this time? It feels like every time they say it's support, it eventually breaks.
I agree with the negative fee rate part; the bulls really aren't as fierce anymore. It's time to wake up.
The worst thing is being washed out and then watching it rise back up...
I've heard about moving average crossovers so many times. Anyway, I'll wait until it drops to a certain level before getting in.
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AlwaysAnon
· 01-02 11:37
I'm watching the support level at 90,000, but the problem is whether it can hold steady... The fact that the fee rate is turning negative is indeed a bit cold.
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Anon32942
· 01-02 11:36
The 90,000 support level is a bit shaky. I think it depends on whether it breaks or not. The negative fee rate signal is indeed not very good.
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ArbitrageBot
· 01-02 11:35
The 90,000 level must be held firmly. The signal of the rate turning negative is serious, and the bullish momentum has clearly cooled down.
The 10-week and 50-week moving average crossovers of Bitcoin are indeed significant signals. Historically, such technical reversals have often been followed by a period of correction.
Looking back at historical data, after similar moving average crossover events, the retracement usually ranges between 15% and 25%. If a correction begins from the current level, around 90,000 yuan should become a key support level to watch.
What further illustrates the issue is that both technical and capital flow indicators are signaling. In recent days, the funding rate has remained negative, which essentially means bullish sentiment is cooling off, and the market isn't as exuberant as before. From a market structure perspective, after this rally, a period of consolidation is indeed needed to digest the gains.
However, in a bull market, corrections often also hide opportunities. The key is whether you can manage your positions well and avoid being shaken out during market adjustments.