$BTC Update 📉
Bitcoin is currently trading around $64,988 after a sharp intraday drop and a quick bounce from the lows.
🔹 Price is still trading below the 60-period Moving Average (MA60 ~ $65,107), which suggests short-term bearish pressure remains.
🔹 The sudden spike in volume during the sell-off shows aggressive selling, but the immediate rebound indicates buyers stepped in to defend the lower levels.
Key Levels: 🟢 Support: $64,900 – $64,950 🔴 Resistance: $65,100 – $65,200
A break above resistance could improve short-term momentum, while losing support may lead to another leg down.
Trade smart. Don't chase pumps or panic during dips. Always use proper risk management.
#BTC #Bitcoin #Crypto #Binance #Trading #BTCUSDT #CryptoMarket
Bitcoin is currently trading around $64,988 after a sharp intraday drop and a quick bounce from the lows.
🔹 Price is still trading below the 60-period Moving Average (MA60 ~ $65,107), which suggests short-term bearish pressure remains.
🔹 The sudden spike in volume during the sell-off shows aggressive selling, but the immediate rebound indicates buyers stepped in to defend the lower levels.
Key Levels: 🟢 Support: $64,900 – $64,950 🔴 Resistance: $65,100 – $65,200
A break above resistance could improve short-term momentum, while losing support may lead to another leg down.
Trade smart. Don't chase pumps or panic during dips. Always use proper risk management.
#BTC #Bitcoin #Crypto #Binance #Trading #BTCUSDT #CryptoMarket