【BTC Daily Chart Structure In-Depth Analysis | Price Breaks Key Moving Averages, Facing Direction Confirmation】#Gate每10分钟送1克黄金

Core Structural Shift
BTC daily chart shows a key transition: after a deep correction, the price has returned to the critical support zone formed by the long-term moving averages MA20 (~92,480) and MA50. The current price is $87,824. Although it has broken below MA20, it is close to the long-term upward trendline support and the previous platform at $87,339. This marks a shift from the “strong operation above moving averages” phase to the “testing long-term trend and key moving average support” core game stage.

Key Technical Level Analysis

1. Moving Average System Status:
· MA5 (91,404) has crossed below MA10 (93,417), forming a short-term death cross, indicating a weakening short-term trend.
· However, MA20 (92,479) remains bullishly aligned or flat with MA50 and MA100 (not shown in the chart, approximately in the 90,800-92,000 range). The price is testing the support strength of this medium- to long-term moving average cluster, and its success or failure is crucial for determining whether the bull market structure will continue.
2. Key Price Levels and Structure:
· Core Support Zone: 87,339-88,000 area (previous high platform and long-term trendline) forms the most important technical defense. Holding this zone would still consider the daily chart as a deep correction within this bull cycle.
· Resistance Above: The short-term rebound needs to first overcome the 91,400-92,400 zone (resistance formed by MA5 and MA20). A successful breakout of this zone would alleviate downward pressure.
· Potential Breakdown Target: If the 87,339 support is confirmed to be lost, the daily structure will shift to a more complex top pattern, with the next key support near 80,632 (previous low).
3. Momentum Indicator Signals:
· MACD Warning Signal: The DIF line has turned positive and is turning downward, while the DEA line remains high. The histogram (MACD) has turned green and extended significantly (-1210). This is a typical “death cross at high levels,” indicating mid-term bullish momentum is waning, with substantial correction pressure.
· RSI Position: At 38.65, having fallen from overbought territory to a neutral-weak zone, leaving room for further price correction or rebound.

Market Outlook and Core Projection
The current market is in the “test of the bull market’s vital support line” phase. There are two main development paths:

· Path One (Trend Support Valid): The price receives strong buying support in the 87,339-88,000 zone, then rebounds and gradually recovers above MA20. This would confirm that this correction is a healthy pullback within the bull market, with potential to regain upward momentum.
· Path Two (Trend Structure Breakdown): The price fails to rebound strongly, cannot return above 92,000, and ultimately breaks down below 87,339 with increased volume. This would imply that the current daily upward trend may come to an end, and the market will enter a longer and deeper correction cycle, with the primary target near 80,600.