“High-level death cross” confirmed; bulls’ defenses breached:
Look at the data in the upper-left corner: the current price (81,906) has fallen decisively below MA7 (83,132) and MA25 (83,884).
More critically, the short-term moving average MA7 has clearly crossed below MA25, forming a textbook bearish crossover. This indicates that the short-term bullish trend has been completely broken. A large number of short-term holders are now trapped in the 83,000–84,000 range above, turning it from a resistance level into a formidable ceiling.$BTC
Look at the data in the upper-left corner: the current price (81,906) has fallen decisively below MA7 (83,132) and MA25 (83,884).
More critically, the short-term moving average MA7 has clearly crossed below MA25, forming a textbook bearish crossover. This indicates that the short-term bullish trend has been completely broken. A large number of short-term holders are now trapped in the 83,000–84,000 range above, turning it from a resistance level into a formidable ceiling.$BTC