🚨 Bitcoin update $BTC | The bears break through the first line of defense! Where is the next bottom? 📉
Downward correction pressure on Bitcoin $BTC is intensifying right now, as the price retreats and falls below the stable 82,000 levels to 81,407$ (-1.92%).
Here’s a brief technical map:
📊 The current technical battle:
• Break of support: Sellers succeeded in breaking the medium-term protection wall of MA(25) at (82,838$), opening the door to test a deeper bottom, reached so far at 81,297$.
• Current situation: The decline is ongoing, and the red candle is filled, reflecting a temporary absence of strong whale buying liquidity at this moment.
🎯 Next levels and direction:
• Bearish scenario (targeted): Continued closing below 82,000 will push the price to test the last and largest steel support wall at the purple dark MA(99) medium-line level currently around 72,373$.
• Bullish scenario (bounce): Immediate return and closing above 82,840$ is the only condition to cancel the bearish outlook and begin accumulating again.
💡 Summary @ABO_SHAMAN : Don’t try to guess randomly or enter with emotions amid the current bleeding. Watch for the real bounce zones with a cool head and always activate the Stop Loss to protect your portfolio! 🛡️🦅
#Bitcoin #BTC #TechnicalAnalysis #BinanceSquare
Downward correction pressure on Bitcoin $BTC is intensifying right now, as the price retreats and falls below the stable 82,000 levels to 81,407$ (-1.92%).
Here’s a brief technical map:
📊 The current technical battle:
• Break of support: Sellers succeeded in breaking the medium-term protection wall of MA(25) at (82,838$), opening the door to test a deeper bottom, reached so far at 81,297$.
• Current situation: The decline is ongoing, and the red candle is filled, reflecting a temporary absence of strong whale buying liquidity at this moment.
🎯 Next levels and direction:
• Bearish scenario (targeted): Continued closing below 82,000 will push the price to test the last and largest steel support wall at the purple dark MA(99) medium-line level currently around 72,373$.
• Bullish scenario (bounce): Immediate return and closing above 82,840$ is the only condition to cancel the bearish outlook and begin accumulating again.
💡 Summary @ABO_SHAMAN : Don’t try to guess randomly or enter with emotions amid the current bleeding. Watch for the real bounce zones with a cool head and always activate the Stop Loss to protect your portfolio! 🛡️🦅
#Bitcoin #BTC #TechnicalAnalysis #BinanceSquare