BTC 1-Hour Market Analysis — Weak Consolidation After Sharp Drop

Resistance Levels
• First Resistance: $88,540-$88,950 (MA5 + recent rebound high, short-term selling pressure zone)
• Strong Resistance: $89,300-$89,500 (MA20 + previous consolidation platform, medium-term key resistance)

Support Levels
• First Support: $87,250-$87,350 (previous correction low, short-term bullish defense line)
• Strong Support: $86,900-$87,000 (previous consolidation low, critical defense level)

Technical Indicator Interpretation
1. Moving Averages: Short- and medium-term moving averages (MA5/MA10/MA20/MA30) are in a bearish alignment, with MA5 crossing below other averages, indicating the medium-term bearish trend remains; price is below all moving averages, showing insufficient rebound momentum.

2. MACD: The two lines form a death cross below the zero axis, with the green histogram continuously expanding, indicating dominant bearish momentum; bullish rebound momentum is weak.

3. RSI: Current reading is 35.8, in a neutral to slightly bearish zone, oscillating at low levels, market sentiment is cautious, although oversold correction is needed, but lacking volume support.

4. Volume: Volume increased during the sharp decline, but contracted during the rebound phase; volume remains below MA5/MA10 average lines, indicating the market is dominated by internal capital battles, lacking new capital inflow.

5. Bollinger Bands: The bands are widening, with the upper band turning downward and the lower band flattening; price is near the lower band, confirming a weak trend; the validity of the lower band support needs further verification.

Summary
BTC on the 1-hour chart is in a weak consolidation phase after a sharp decline. The bearish alignment of moving averages and insufficient volume restrict upward movement. The current price approaches the previous correction low, making the stability of support levels crucial for the next direction. The market is at a critical point of supply and demand battle; until clear volume-driven stabilization signals appear, the weak consolidation pattern is unlikely to change.