🌅 $BTC Morning overview: downward pressure persists
BTC is down 1.11% and trading below the SMA20; the candlesticks indicate a downtrend. BTC dominance is holding at 59.60% — altcoins aren't gaining strength, but there's no significant pressure on the market either. The RSI is in neutral territory (47.2), so a bounce or further decline is possible.
• Support: 81.688 and 81.748
• Resistance: 82.078 (aligns with the SMA20), then 82.270
If the price holds at support, a bounce to the SMA20 or higher could be considered — but there's no need to rush, as volatility is low. A break below support would invalidate this scenario; in that case, the next level to watch is 81.688.
Volatility is low, but I'm still setting a stop — the market could reverse sharply.
#BTC #крипта #trading
Not financial advice.
BTC is down 1.11% and trading below the SMA20; the candlesticks indicate a downtrend. BTC dominance is holding at 59.60% — altcoins aren't gaining strength, but there's no significant pressure on the market either. The RSI is in neutral territory (47.2), so a bounce or further decline is possible.
• Support: 81.688 and 81.748
• Resistance: 82.078 (aligns with the SMA20), then 82.270
If the price holds at support, a bounce to the SMA20 or higher could be considered — but there's no need to rush, as volatility is low. A break below support would invalidate this scenario; in that case, the next level to watch is 81.688.
Volatility is low, but I'm still setting a stop — the market could reverse sharply.
#BTC #крипта #trading
Not financial advice.