📊 SUMMARY OF BTC ANALYSIS FOR THE EUROPEAN SESSION & U.S. SESSION OUTLOOK
* 📉 Main trend: The bears continue to strongly press the market, pushing Bitcoin’s price through the $84,000 level to set a new intraday low at $82,874.93. The current price is hovering around $83,560.68 (down -2.25% in 24h).
* Technical signals (1H timeframe):
- The chart structure clearly reveals a bearish downtrend, with successive lower highs/lows.
- Price is entirely below the moving average cluster: MA(7) at $83,732.77, MA(25) at $84,221.35, and MA(99) at $84,455.90. The MA(7) crossing down below the two larger MAs confirms that the selling side is in control $BTC
* 📉 Main trend: The bears continue to strongly press the market, pushing Bitcoin’s price through the $84,000 level to set a new intraday low at $82,874.93. The current price is hovering around $83,560.68 (down -2.25% in 24h).
* Technical signals (1H timeframe):
- The chart structure clearly reveals a bearish downtrend, with successive lower highs/lows.
- Price is entirely below the moving average cluster: MA(7) at $83,732.77, MA(25) at $84,221.35, and MA(99) at $84,455.90. The MA(7) crossing down below the two larger MAs confirms that the selling side is in control $BTC