📉 $BTC – The Daily Chart Is Showing Weakness!
Bitcoin is struggling to maintain its bullish momentum after getting rejected from the $87,400 region. Since then, the price has been forming lower highs, and sellers are gradually pushing BTC toward the $79,000 support zone.
Looking at the daily chart, BTC is trading below its major moving averages, with the short-term averages sloping downward. The MACD is also in negative territory, suggesting that bearish momentum is still dominating.
Here's what I'm watching next 👇
🔴 Bearish scenario: If BTC loses the $79,000–$79,500 support zone, we could see further downside toward $77,000, followed by $75,000–$74,800.
🟢 Bullish scenario: Bulls need to reclaim $81,500–$82,000 and hold above that zone to improve the short-term outlook. A stronger recovery could open the door toward $84,000 and eventually $87,400.
Personally, I'm not rushing to call a bottom here. The rally has already cooled off, and the daily structure hasn't shown a convincing reversal yet.
My view: BTC remains bearish in the short term unless buyers reclaim the lost resistance levels. Keep an eye on the $79K support — the next reaction could tell us a lot about where Bitcoin heads next. 👀
What do you think? Are we heading toward $75K, or will the bulls step in here?
#AnthropicTTMRevenueGrewAbout1200% #BitmineAdds10452ETH
Bitcoin is struggling to maintain its bullish momentum after getting rejected from the $87,400 region. Since then, the price has been forming lower highs, and sellers are gradually pushing BTC toward the $79,000 support zone.
Looking at the daily chart, BTC is trading below its major moving averages, with the short-term averages sloping downward. The MACD is also in negative territory, suggesting that bearish momentum is still dominating.
Here's what I'm watching next 👇
🔴 Bearish scenario: If BTC loses the $79,000–$79,500 support zone, we could see further downside toward $77,000, followed by $75,000–$74,800.
🟢 Bullish scenario: Bulls need to reclaim $81,500–$82,000 and hold above that zone to improve the short-term outlook. A stronger recovery could open the door toward $84,000 and eventually $87,400.
Personally, I'm not rushing to call a bottom here. The rally has already cooled off, and the daily structure hasn't shown a convincing reversal yet.
My view: BTC remains bearish in the short term unless buyers reclaim the lost resistance levels. Keep an eye on the $79K support — the next reaction could tell us a lot about where Bitcoin heads next. 👀
What do you think? Are we heading toward $75K, or will the bulls step in here?
#AnthropicTTMRevenueGrewAbout1200% #BitmineAdds10452ETH
