Bitcoin Trend Analysis Today

From a technical perspective, the current daily chart shows a continuous price decline, forming a series of bearish candlesticks, indicating an overall weak trend. On the hourly chart, the price has been consolidating after a pullback from its highs, with the current candlestick pattern within a relatively narrow trading range and no clear reversal signal. The hourly MACD indicator shows both the DIF and DEA lines are negative and trending downwards, with the MACD histogram showing expanding green bars, indicating that bearish forces are dominant. The hourly EMA (7, 30, and 120 moving averages) are in a bearish alignment, with the price trading below the EMA7, suggesting a downward trend. The daily EMA also shows a bearish alignment, further confirming the overall weakness. Therefore, the recommended strategy remains to sell on rallies.

Bitcoin miners retreat sharply as BTC pulls back from recent highs

Major mining stocks dropped 20%–50% this week, erasing billions in value as the sector continued to lag Bitcoin’s latest pullback.

Publicly traded Bitcoin mining companies had a tough week, with nearly every major miner posting double-digit declines as the sector sharply underperformed Bitcoin itself.

Crypto Markets Today: Bitcoin Breaches $98K as Liquidations Top $1.1B

A sharp liquidity crunch sent bitcoin and altcoins plunging, triggering over a billion dollars in derivatives liquidations as traders brace for a potential trend reversal.

• Roughly half the liquidations came from bitcoin positions, with the rest spread across altcoins as selling pressure built up.
• ETH dropped more than 9% over 24 hours while AAVE, JUP and SUI posted double-digit losses. Many tokens slumped to lows not seen for months.
• Zcash and Monero rallied, with ZEC now up more than 1,000% since August in a striking divergence from the broader market.