$BTC Bitcoin Rejected at $87,000 for the Third Time ๐ฅ
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๐ข $BTC Bitcoin Rejected at $87,000 for the Third Time; Short-Term Outlook Bearish
โ ๏ธ Technical Analysis: BTC has been pushed back each of the three times it tried to break above $87,000. Daily resistance at 87,385 is proving to be a firm ceiling. The daily moving averages are in a bullish alignment and spreading upward, and the MACD histogram bars have continued to grow after a bullish crossover. However, the 4-hour volume ratio is only 0.8, indicating a clear drop in volume. KDJโs K line weakened after crossing above the D line, but fortunately it hasnโt entered overbought territory. Near-term support is around 84,000; if that level fails, the next level to watch is daily support at 75,975.
๐ข Market Update: Bitcoin ETFs saw net outflows of $90 million in a single day. Bitcoinโs price is still 32% below its high from a year ago, and sentiment around capital flows is subdued, leaving the rebound short on momentum.
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๐ Follow us for the latest market movements ๐
#ๆๆฏๅๆ #Bitcoin Rejected at $87,000 for the Third Time #BTC
๐ When trading, pay attention to whether the candlestick pattern aligns
โโโโโโโโโโโโโโโโโโโโ
๐ข $BTC Bitcoin Rejected at $87,000 for the Third Time; Short-Term Outlook Bearish
โ ๏ธ Technical Analysis: BTC has been pushed back each of the three times it tried to break above $87,000. Daily resistance at 87,385 is proving to be a firm ceiling. The daily moving averages are in a bullish alignment and spreading upward, and the MACD histogram bars have continued to grow after a bullish crossover. However, the 4-hour volume ratio is only 0.8, indicating a clear drop in volume. KDJโs K line weakened after crossing above the D line, but fortunately it hasnโt entered overbought territory. Near-term support is around 84,000; if that level fails, the next level to watch is daily support at 75,975.
๐ข Market Update: Bitcoin ETFs saw net outflows of $90 million in a single day. Bitcoinโs price is still 32% below its high from a year ago, and sentiment around capital flows is subdued, leaving the rebound short on momentum.
โโโโโโโโโโโโโโโโโโโโ
๐ Follow us for the latest market movements ๐
#ๆๆฏๅๆ #Bitcoin Rejected at $87,000 for the Third Time #BTC
๐ When trading, pay attention to whether the candlestick pattern aligns
