๐ $BTC Market Update
Bitcoin is looking a bit weak on the 30-minute chart right now.
$BTC is trading around $81,190, down 0.15%. After moving up toward $82,000, the price dropped sharply and is now trying to stabilize around the $81,000 area.
The price is also below the VWAP, which suggests that short-term momentum is still weak. Iโm keeping an eye on the $80,800 area as nearby support. If BTC manages to recover, the $81,500โ$81,800 zone will be worth watching.
For now, I donโt see a clear recovery yet. Iโd rather wait for the price to show some strength before making any conclusions.
What do you think? Can $BTC bounce back, or will the selling pressure continue?
#Bitcoin #BTC #BTCUSDT #CryptoMarket #HIFGoldTraders
Educational content only. Not financial advice.
Bitcoin is looking a bit weak on the 30-minute chart right now.
$BTC is trading around $81,190, down 0.15%. After moving up toward $82,000, the price dropped sharply and is now trying to stabilize around the $81,000 area.
The price is also below the VWAP, which suggests that short-term momentum is still weak. Iโm keeping an eye on the $80,800 area as nearby support. If BTC manages to recover, the $81,500โ$81,800 zone will be worth watching.
For now, I donโt see a clear recovery yet. Iโd rather wait for the price to show some strength before making any conclusions.
What do you think? Can $BTC bounce back, or will the selling pressure continue?
#Bitcoin #BTC #BTCUSDT #CryptoMarket #HIFGoldTraders
Educational content only. Not financial advice.