Bitcoin - $BTC
· Current Price: $74,986.66 (1H Timeframe)
· Trend: BEARISH (Price rejected at the 25-MA of $74,989.80 and is trading below the 99-MA of $75,791.62).
· Key Resistance: $75,103 (local swing high) / $75,791 (MA-99).
· Key Support: $73,750 (recent local low).
· Volume Insight: Recent green candles show declining volume compared to the previous spike, indicating weak buying pressure.
Trading Outlook: The asset is facing strong overhead resistance. Short-term traders should watch for a confirmed breakout above $75,100 to flip the trend bullish; otherwise, a retest of the $73,750 support zone is highly likely.
$BTC
#NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #AIChipSlumpNasdaq #CPITestsDecemberRateOutlook #AnthropicRejectsIPODelayValuationinQuestion
· Current Price: $74,986.66 (1H Timeframe)
· Trend: BEARISH (Price rejected at the 25-MA of $74,989.80 and is trading below the 99-MA of $75,791.62).
· Key Resistance: $75,103 (local swing high) / $75,791 (MA-99).
· Key Support: $73,750 (recent local low).
· Volume Insight: Recent green candles show declining volume compared to the previous spike, indicating weak buying pressure.
Trading Outlook: The asset is facing strong overhead resistance. Short-term traders should watch for a confirmed breakout above $75,100 to flip the trend bullish; otherwise, a retest of the $73,750 support zone is highly likely.
$BTC
#NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #AIChipSlumpNasdaq #CPITestsDecemberRateOutlook #AnthropicRejectsIPODelayValuationinQuestion
