$BTC Bitcoin is at risk of a deeper decline‼️‼️‼️
✴️Bitcoin is trading at $77.596, maintaining a short-term bearish bias as the price remains below the 100-day and 50-day Exponential Moving Averages (EMAs) at $77.811 and $80.581, respectively.
📈However, the pair is still above the 200-day EMA at $76.476, indicating that the broader uptrend remains intact despite the current pullback, while the Moving Average Convergence Divergence (MACD) remains in negative territory, reinforcing the bearish tone as momentum weakens and the Relative Strength Index (RSI) slips toward the oversold band at 34.
➡️The nearest resistance is at the 100-day EMA around $77.811, with a stronger barrier at the 50-day EMA near $80.581, where sellers could regain control on any rebound.
💣On the downside, deeper demand lies at the SuperTrend line at $84.056, a previous bullish trigger zone, while the more immediate trend support is the 200-day EMA at $76.476. A daily close below this level would likely extend the corrective phase lower.
#HKDollarStablecoinHKDAPToLaunchOnSolana #KOSPIFalls3.53%BackBelow6000 $XLM $ERA
✴️Bitcoin is trading at $77.596, maintaining a short-term bearish bias as the price remains below the 100-day and 50-day Exponential Moving Averages (EMAs) at $77.811 and $80.581, respectively.
📈However, the pair is still above the 200-day EMA at $76.476, indicating that the broader uptrend remains intact despite the current pullback, while the Moving Average Convergence Divergence (MACD) remains in negative territory, reinforcing the bearish tone as momentum weakens and the Relative Strength Index (RSI) slips toward the oversold band at 34.
➡️The nearest resistance is at the 100-day EMA around $77.811, with a stronger barrier at the 50-day EMA near $80.581, where sellers could regain control on any rebound.
💣On the downside, deeper demand lies at the SuperTrend line at $84.056, a previous bullish trigger zone, while the more immediate trend support is the 200-day EMA at $76.476. A daily close below this level would likely extend the corrective phase lower.
#HKDollarStablecoinHKDAPToLaunchOnSolana #KOSPIFalls3.53%BackBelow6000 $XLM $ERA
