Today BTC (Bitcoin) is in a downtrend 📉
Reason:
Price dropped from around $109K → $106K
Lower highs and lower lows forming on 1H & 4H charts
Volume increasing on red candles (selling pressure)
Trend summary:
🕐 Short term (1H–4H): Downtrend
🕛 Daily (1D): Correction phase / weak bearish
📈 Long term (weekly): Still overall bullish$BTC #BTC
Reason:
Price dropped from around $109K → $106K
Lower highs and lower lows forming on 1H & 4H charts
Volume increasing on red candles (selling pressure)
Trend summary:
🕐 Short term (1H–4H): Downtrend
🕛 Daily (1D): Correction phase / weak bearish
📈 Long term (weekly): Still overall bullish$BTC #BTC