BTC has broken below the $75.5K support zone, and the overall structure is still looking weak.
The recent bounce looks more like a possible retest of the broken support. Unless BTC reclaims $75.5K, I’m expecting further downside, with $73.5K and $71.7K as the next levels to watch.
The 6H moving average is also trending down, adding to the bearish pressure. For now, I’m not seeing a strong reason to turn bullish. #BTC Price Analysis# #Altcoin Season# #BNBChain# $BTC $USDT
The recent bounce looks more like a possible retest of the broken support. Unless BTC reclaims $75.5K, I’m expecting further downside, with $73.5K and $71.7K as the next levels to watch.
The 6H moving average is also trending down, adding to the bearish pressure. For now, I’m not seeing a strong reason to turn bullish. #BTC Price Analysis# #Altcoin Season# #BNBChain# $BTC $USDT
