Gate Research: XRP Spot ETF Sees 13 Consecutive Days of Net Inflows | SN 24-Hour Increase Exceeds 90%Panorama of Crypto Assets
BTC (-0.87% | Current Price 92,345 USDT)
After a period of high-level consolidation, BTC has shifted to a weaker corrective pattern over the past 24 hours. The price has repeatedly encountered resistance and pulled back near $93,000, failing to achieve a meaningful breakout. At the same time, short-term moving averages (MA5, MA10, EMA9) have flattened or even slightly turned downward, reflecting a weakening of short-term bullish momentum. The current price is running below several short-term moving averages and approaching the mid-term average (MA30), indicating that the market is gradually transitioning from a strong phase to a consolidation phase. Overall trading volume is insufficient, and the candlesticks are characterized by small bodies with upper and lower shadows, suggesting cautious market sentiment and a noticeable cooling of buying power compared to earlier periods.
If the price finds support above $92,000 and trading volume picks up, there is still a chance for renewed strength and a move toward the $93,500 resistance.
GateResearch·17h ago