Gate Research Institute: BTC Short-term Holdings Continue to Face Pressure | Stablecoin Settlement Enters Banking SystemCryptocurrency Market Overview
BTC (+2.05% | Current price 87,572 USDT): After a rapid decline, BTC found support above $85,000. Currently, the price has returned to around $87,500 for consolidation. In terms of moving averages, MA5 and MA10 are gradually flattening and approaching the price, while MA30 remains in a downtrend, indicating that the short-term is in a rebound and correction phase, but the medium-term resistance has not been fully resolved. The MACD green bars are clearly converging, with the fast and slow lines rising from low levels. The bullish momentum is recovering but has not yet formed a strong reversal. If BTC can effectively hold above the $87,000–$87,500 range, it may further test the resistance at $88,500–$89,000; if it falls below $86,500 again, the rebound structure could be broken, and the market may revert to a sideways and weak pattern.
ETH (+0.46% |
GateResearch·3h ago