$BTC under pressure: break below 76,401 or bounce to 79,337?
$BTC is at the center of the latest controversy: CriptoNoticias revealed that a video call turned into a major scam that managed to infiltrate funds into Binance.
My take: until the news is officially confirmed, the rumor could cause fear and accelerate selling, pushing $BTC down.
On the 4h chart, we see EMA20 at 77,681 and EMA50 at 78,609, with a downtrend and RSI at 47.2. Key support is at 76,401; if it breaks, the next downside zone would be 74,000 (not shown). On the other hand, immediate resistance is at 79,337; a close above it would invalidate the bearish scenario and pave the way to 80,939.
$XRP (+3.2%) and $NEAR (-2.9%) are also moving over 24h.
Will it break 79,337 or return to 76,401? 🟢/🔴
#bitcoin #binance #futures
This is not financial advice. Verify before investing.
$BTC is at the center of the latest controversy: CriptoNoticias revealed that a video call turned into a major scam that managed to infiltrate funds into Binance.
My take: until the news is officially confirmed, the rumor could cause fear and accelerate selling, pushing $BTC down.
On the 4h chart, we see EMA20 at 77,681 and EMA50 at 78,609, with a downtrend and RSI at 47.2. Key support is at 76,401; if it breaks, the next downside zone would be 74,000 (not shown). On the other hand, immediate resistance is at 79,337; a close above it would invalidate the bearish scenario and pave the way to 80,939.
$XRP (+3.2%) and $NEAR (-2.9%) are also moving over 24h.
Will it break 79,337 or return to 76,401? 🟢/🔴
#bitcoin #binance #futures
This is not financial advice. Verify before investing.
