$BTC Bitcoin is still under pressure near a lower support at US$75,000, marking a decline for two consecutive days.
Even so, BTC maintains a constructive short-term bias because the price remains comfortably above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are clustered between roughly US$71,400 and US$73,600, indicating a well-supported upward medium-term trend.
📈However, momentum has cooled, as the Relative Strength Index (RSI) is around 48 and the Moving Average Convergence Divergence (MACD) remains below zero with negative readings, suggesting that follow-through on the upswing may slow even though the broader structure is still supported.
➡️On the downside, initial support is around the 50-day EMA near US$73,568, reinforced by the 200-day EMA at US$73,093, while a deeper pullback would point to the 100-day EMA around US$71,384 as a more substantial demand area.
⛔ Below that, the previously falling resistance trendline has now turned into support around US$65,494, marking a further structural floor. A breakdown would materially weaken the current bullish backdrop.
#FedRateWatch BitcoinETFsShed$450M$TURBO $PePe
Even so, BTC maintains a constructive short-term bias because the price remains comfortably above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are clustered between roughly US$71,400 and US$73,600, indicating a well-supported upward medium-term trend.
📈However, momentum has cooled, as the Relative Strength Index (RSI) is around 48 and the Moving Average Convergence Divergence (MACD) remains below zero with negative readings, suggesting that follow-through on the upswing may slow even though the broader structure is still supported.
➡️On the downside, initial support is around the 50-day EMA near US$73,568, reinforced by the 200-day EMA at US$73,093, while a deeper pullback would point to the 100-day EMA around US$71,384 as a more substantial demand area.
⛔ Below that, the previously falling resistance trendline has now turned into support around US$65,494, marking a further structural floor. A breakdown would materially weaken the current bullish backdrop.
#FedRateWatch BitcoinETFsShed$450M$TURBO $PePe
