📝 SUMMARY OF BTC ANALYSIS FOR THE ASIAN SESSION & ORIENTATION FOR THE EUROPEAN SESSION 📝 ASIAN SESSION WRAP-UP: SELLING PRESSURE PERSISTS
• 📉 Main trend: The Asian session saw a slight downward pressure as BTC continued trading below the short-term moving averages. The price recorded a decline of about -0.83% to around 78,324 USDT.
• 📊 Technical structure (H1 timeframe):
- ❌ MA cluster: The price is currently entirely below MA(7) at 78,317 and MA(25) at 78,671. The bears (sellers) are temporarily controlling the short-term trend.
- 🛡 Local bottom: Previously, the market recorded a rebound/“pull back” from the technical support zone of 77,620 USDT.
$BTC
#BTC☀️
• 📉 Main trend: The Asian session saw a slight downward pressure as BTC continued trading below the short-term moving averages. The price recorded a decline of about -0.83% to around 78,324 USDT.
• 📊 Technical structure (H1 timeframe):
- ❌ MA cluster: The price is currently entirely below MA(7) at 78,317 and MA(25) at 78,671. The bears (sellers) are temporarily controlling the short-term trend.
- 🛡 Local bottom: Previously, the market recorded a rebound/“pull back” from the technical support zone of 77,620 USDT.
$BTC
#BTC☀️