🧭 BTC 4H Market State: Downtrend, No Trade Right Now
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📉 BTC 76,972 (-1.25% 24H), range 76,850-78,878. Price sits below EMA20 78,038, EMA50 78,999 (sloping down) and EMA200 80,888.
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🧱 Structure: lower highs at 78,878, 78,406, 78,254 and 77,686 pressing into the Oct 30 floor 76,326. That floor has been tested 4+ times, so it is weak support, not a buy zone.
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🚫 Why no setup: longs fail the trend filter, and a short here has no room for TP1 at 1.5R with a proper stop above 77,686.
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👀 What changes it: a 4H close below 76,326 opens bear continuation; a 4H close back above 77,686 and EMA20 would signal relief.
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🌐 Majors: ETH 2,251, SOL 91.92, BNB 698.42 are all below their EMA200.
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Not financial advice. DYOR.
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Follow for live levels 🔔
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