Gate Research Institute: CHEEL 24-hour increase exceeds 90% | BTC ETF continues to experience net outflows over the past weekCryptocurrency Asset Panorama
BTC (-0.34% | Current price 87,371 USDT)
In the past 24 hours, BTC first experienced a significant correction, with the price rapidly dropping to around $86,418.2. Subsequently, supported by buying interest below, it gradually stabilized and began to rebound. During the rebound, the price once surged to around $88,590, but after encountering selling pressure at high levels, it turned into a sideways decline. Currently, the price has fallen back to above $87,000. From an overall perspective, BTC remains in a technical adjustment phase within a high-level consolidation. The upward momentum released earlier was relatively sufficient, with short-term profit-taking concentrated, leading to a rapid pullback in price. Technically, the price has fallen back to around the MA30, with short-term MAs5 and MA10 showing signs of turning downward, exerting some resistance on the short-term trend, and the rebound pace has significantly slowed.
GateResearch·7h ago