BTC/USDT 1-Hour K-Line Analysis: Oversold Rebound Continues, Medium-Term Downward Pressure Unreduced

Key Support and Resistance Levels
• Resistance Levels
1. First Resistance: 87,764.1 (MA20), is the immediate resistance during the short-term rebound. Breaking through this level could lead to a test of the 88,000 integer mark.
2. Second Resistance: 88,212.3 (MA30), this medium-term moving average is an important dividing line in the bulls and bears battle.

3. Third Resistance: 89,165.8 (MA100), only after breaking this can the medium-term downward pressure be alleviated.

• Support Levels

1. First Support: 87,063.8 (MA5), is the current short-term support during the rebound. Losing this level may trigger profit-taking and exit.

2. Second Support: 86,031.3 (recent low), is the extreme low point of this round of decline. Falling below this could open a new downward space.
Technical Indicator Interpretation

• Moving Average System: The short-term MA5 crosses above MA10 to form a golden cross, indicating a revival of short-term bullish momentum. However, the price remains below MA20, MA30, MA50, and MA100, with medium-term moving averages arranged in a bearish pattern, and downward pressure has not been fully relieved.

• MACD Indicator: MACD value (30.5) is approaching the zero line, with DIF line moving upward toward DEA line. The green bars are continuously narrowing, indicating that the downward momentum is weakening and a rebound is building up.

• RSI Indicator: The value is 47.4, in a neutral to slightly bearish zone, not yet entering a strong zone, reflecting that bullish strength still needs further confirmation.

• Volume: During the rebound, volume has gradually increased, showing funds are entering the market, but there is no explosive growth in volume, and cautious sentiment among investors remains.

Summary and Trading Suggestions

Currently, BTC/USDT is in a pattern of “oversold rebound continuation, medium-term downward pressure unreduced.” If the price breaks above 87,764.1 (MA20) with volume and stabilizes, it can be considered bullish, targeting 88,212.3 (MA30). If it retraces and falls below 87,063.8 (MA5), caution is needed for a second bottom. The key support below is at 86,031.3.