【BTC 1-Hour Structural Logic Deduction】

After continuous decline, the price has clearly broken below the recent key support zone of 92,700-92,800, currently around 91,500. The chart shows an intense confrontation between “accelerating bearish trend” and “extreme oversold” conditions, as the market searches for a short-term balance point.

Core logic for bulls and bears:

1. Bearish trend dominant logic:
· Structural basis: The price has effectively broken below the previous dense trading zone and is trading below all moving averages from MA5 to MA100 (92,022-94,442). The moving averages are arranged in a standard bearish order, with a complete and strong downward structure.
· Momentum basis: MACD is below the zero line, with the green momentum bars (-81.0) expanding again, indicating increasing downward momentum and a clear dominant force.
2. Bullish technical repair logic:
· Basis: RSI (22.7) has entered the severely oversold zone, and market sentiment is in panic in the short term. Such extreme readings usually indicate a strong technical rebound demand within the market to repair distorted indicators.
· Limitation: Currently, this is only an oversold signal on the indicator and has not formed any effective bottom structure or reversal pattern on the price. A rebound requires a catalyst.

Key observation points:

· Resistance above: 92,100-92,700 (MA5-MA20 zone). This is the first rebound resistance in the downtrend and a litmus test for whether the bearish force is exhausted.
· Support below: 90,800 (previous low on the chart). If this level is broken, the market will lack near-term support, potentially triggering a deeper decline.
· Focus of observation: The market’s struggle at the current price of 91,500 and its attitude towards testing the resistance at 92,100. Also, watch whether RSI can turn from the extreme low and drive the price out of a decent rebound structure.

Market deduction and summary:
The market is in a clear bearish trend, and downward momentum shows no signs of exhaustion. Although RSI indicates extreme oversold conditions, which may trigger a technical rebound, any rebound should be regarded as a correction within the downtrend rather than a trend reversal until the price forms a clear bottom structure (such as hourly divergence or strong bullish engulfing candles) and effectively breaks above MA20 (92,705).

At this stage, the market is testing the continuation of bearish strength and the willingness of bulls to absorb the decline. Traders should remain highly cautious, avoid blindly bottom-fishing during the decline phase, and patiently wait for market sentiment to stabilize and the structure to clarify.

Disclaimer: The above analysis is for market opinion sharing only and does not constitute any investment advice. Cryptocurrency is highly volatile; please ensure proper risk management and make independent decisions. #欧美关税风波冲击市场