Following a six-day bullish advance, Bitcoin has entered a technical retracement phase, currently trading around $90,600. This move appears to be a normal market reaction after strong upside momentum rather than a structural breakdown. 🔎 Technical overview (1H timeframe): • Price has temporarily moved below EMA5 and EMA10, indicating short-term momentum cooling • EMA30 (~91,400) acts as the first dynamic resistance • RSI values (6/12/24) remain near 40–45, reflecting neutral market conditions • Declining momentum indicators suggest a reset phase, not aggressive distribution 📌 Key Insight: Sustainable rallies require consolidation. As long as Bitcoin maintains its broader support structure, this pullback supports trend health and prepares the market for its next directional move. Discipline and confirmation remain essential in this phase.
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.
📈 #BitcoinSix-DayRally | Technical Assessment
Following a six-day bullish advance, Bitcoin has entered a technical retracement phase, currently trading around $90,600. This move appears to be a normal market reaction after strong upside momentum rather than a structural breakdown.
🔎 Technical overview (1H timeframe):
• Price has temporarily moved below EMA5 and EMA10, indicating short-term momentum cooling
• EMA30 (~91,400) acts as the first dynamic resistance
• RSI values (6/12/24) remain near 40–45, reflecting neutral market conditions
• Declining momentum indicators suggest a reset phase, not aggressive distribution
📌 Key Insight:
Sustainable rallies require consolidation. As long as Bitcoin maintains its broader support structure, this pullback supports trend health and prepares the market for its next directional move.
Discipline and confirmation remain essential in this phase.