$BTC at 77,622: bearish pressure or a bounce?
Cointelegraph reported that Binance claims to have replenished 90% of the stolen assets and plans to allow withdrawals on Sunday.
$BTC is trading at $77,622, and I see this as a sign that the platform is strengthening its liquidity, which could ease pressure on crypto, although there is still no official confirmation that the rest of the funds have been recovered.
$TRX (-4.7%) and $NEAR (+2.5%) are also moving.
On the 4h chart, EMA20 is at 78,336 and EMA50 at 79,508, with RSI14 at 39.3. Immediate support is 77,114, with the next level at 76,413; key resistance is 77,796, followed by 79,451. If it breaks below 77,114, the bearish scenario is confirmed, and we could see a drop toward 76,413. A close above 77,796 would invalidate the bearish trend and open the way to 79,451.
Will it break 77,796 or return to 77,114? 🟢/🔴
#bitcoin #binance
This is not financial advice. Verify before investing.
Cointelegraph reported that Binance claims to have replenished 90% of the stolen assets and plans to allow withdrawals on Sunday.
$BTC is trading at $77,622, and I see this as a sign that the platform is strengthening its liquidity, which could ease pressure on crypto, although there is still no official confirmation that the rest of the funds have been recovered.
$TRX (-4.7%) and $NEAR (+2.5%) are also moving.
On the 4h chart, EMA20 is at 78,336 and EMA50 at 79,508, with RSI14 at 39.3. Immediate support is 77,114, with the next level at 76,413; key resistance is 77,796, followed by 79,451. If it breaks below 77,114, the bearish scenario is confirmed, and we could see a drop toward 76,413. A close above 77,796 would invalidate the bearish trend and open the way to 79,451.
Will it break 77,796 or return to 77,114? 🟢/🔴
#bitcoin #binance
This is not financial advice. Verify before investing.
