#贵金属黄金与白银刷新历史高位 Bitcoin is feeling a bit stifled today, with geopolitical risks and risk aversion emotions both weighing down on it, tugging back and forth around $89,000. The 1-hour chart is completely in that boring sideways consolidation rhythm, with neither bulls nor bears showing much courage.

From a technical perspective, the situation indeed looks grim— the 1-hour moving averages have already formed a bearish alignment, and the price is being tightly pressed down by short-term moving averages. Trading volume has shrunk significantly, making it impossible to generate strong rebounds, and indicators are also weakening. The key support is stuck in the $88,000 to $88,500 range, with resistance at $90,000. To put it simply, if the support level holds with volume, there’s a chance for a rebound; but if the resistance level can’t be broken with volume, then once it pushes up, it will have to pull back.

Market sentiment is even more painful— frequent liquidation of long positions within this hour, market confidence is extremely fragile, and big funds are all on the sidelines. Almost no one dares to actively enter the market, so large fluctuations are unlikely.

Practical trading still requires discipline: stay light on positions within the $88,500 to $89,500 range, and definitely don’t blindly buy the dip betting on a rebound. Wait until there’s a clear breakout and confirmation before following the trend, and set take-profit and stop-loss orders in advance to avoid leaving yourself with regrets.