According to OKEx spot data, BTC is currently trading at $9,266.1 (up 0.54%). OKB is reported at $5.0 (up 0.14%). Over this weekend, BTC failed to sustain its rebound momentum. After encountering resistance again at $9,500, bullish energy quickly weakened and price is now under pressure below $9,400, with intraday volatility continuing to narrow. OKEx analyst Neo stated that last week's brief rebound failed to ignite market enthusiasm for long positions. As major players have grown less active, the market has remained in a state of minor fluctuations. A retail-driven market appears ineffective under current conditions. Due to the lack of inflow from external capital, last week’s rally couldn't even stabilize above $9,400 before weakening again, indicating that retail investors also currently lack the enthusiasm and confidence for long-term holding. Most on-chain activity focuses on short-term profit-taking. Consequently, even hourly-level one-sided moves struggle to persist. Meanwhile, as the rebound peak shifts downward from around $9,700 to $9,500, the bearish pattern remains unaltered. Current price action continues testing the validity of the $9,000 support level. Investors should note that if the price fails to break above $9,500 again, a further decline toward the $8,700 region becomes highly probable. Avoid chasing small-scale rebounds. Should $9,000 break, the next target could directly shift to support above $8,650.
According to data from international third-party analytics firm CoinGecko, OKEx platform's 24-hour futures trading volume reached $1.63 billion.
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