Based on the current trend of $BTC , I think it will spike down to around 77000 within the next day or two.
Here are the technical reasons:
① The daily MACD has broken below the zero line, and the highs are gradually getting lower—this is a precursor to a sharp wick down.
② The 4-hour chart’s center of gravity is gradually shifting lower.
③ On the 1-hour chart, price has been consistently capped by the EMA30. It’s now building momentum, waiting for an opportunity to sell off sharply.
Support below: 77000–75000
Here are the technical reasons:
① The daily MACD has broken below the zero line, and the highs are gradually getting lower—this is a precursor to a sharp wick down.
② The 4-hour chart’s center of gravity is gradually shifting lower.
③ On the 1-hour chart, price has been consistently capped by the EMA30. It’s now building momentum, waiting for an opportunity to sell off sharply.
Support below: 77000–75000
