📉 Bitcoin Retreats: Watch Key Support Levels! ⚡
The daily chart of BTC/USDT shows the asset trading at 63,764.00, recording a pullback of -2.43% over the last 24 hours. Bitcoin is undergoing a correction session following recent selling pressure, aiming to stabilize around critical market zones.
🔍 Trend Analysis and Indicators
Trend: Bearish in the short term during the correction. Price is below the fast moving average MA(7) (65,064.08) and near the MA(25) (64,168.86), reflecting a moment of pressure from sellers.
Bollinger Bands: Price action is breaking through the central line or base (MB: 64,371.91), moving closer to the lower band (DN: 62,250.11), while the upper band sits at UP: 66,493.70.
Structural Floor: The fundamental technical support that underpins the medium term remains firmly established at 57,800.19.
💡 Trading Strategy: Buy or Sell?
Buy (Long)?: A cautious and prudent scenario. It is suggested to wait for clear signals of bearish rejection or a confirmed bounce off the lower supports before taking buy-side risks. Risk Management: It is strictly mandatory to use a rigorous Stop Loss to protect capital in case of any unexpected market reversal.
Sell (Short)?: A defensive operation that remains active as long as price continues to be pressured below the fast moving average and the Bollinger base.
#BTC #AnalisisTecnico #CryptoTrading Lord, blesses and prospers those who trade here, in the name of Jesus, because your word says: "Mine is the silver, and mine is the gold, says the LORD of hosts." Hageo 2:8 RV1960-T -
$BTC