Gate Institute: Mainstream Token Fully Pump|Balancer Releases Preliminary Report on Attack Incidentencryption asset panorama
BTC (+1.90% | Current Price 104,090 USDT)
The price of Bitcoin rebounded to around $104,000 after hitting a phase low of $98,500 on November 4, but the overall trend remains in a downward channel. Short-term indicators are showing a bearish alignment, and the rebound has failed to effectively break through the MA5 resistance level, indicating that upward momentum remains insufficient. Trading volume has slightly increased during the rebound phase, but its sustainability is limited, and there is a weak willingness for capital inflow. The MACD dual lines still remain below the zero axis; although the green bars are gradually narrowing, indicating a weakening of bearish momentum, a golden cross signal has not yet formed. Overall, BTC is currently in a short-term correction phase, and if it fails to break through the $105,000–$107,000 range with increased volume, the rebound is unlikely to turn into a trend reversal. The support below is still focused on $100,000.
GateResearch·18m ago