🚨 [UPDATE $BTC ] THE NEXT LOW IS LOWER THAN THE PREVIOUS LOW: CAN $BTC HOLD THE 75,000 USDT LEVEL? 🚨
After a sharp drop from the peak of 81,971 USDT, Bitcoin still hasn't found a floor! The recent short-term bounce to 78,167 USDT was quickly crushed by selling pressure, with a red sell-off candle on the 4H chart driving the price straight down to 76,006.95 USDT (the 24-hour low touched 75,736.38 USDT).
🔍 The technical picture on the chart:
Downward pressure: The 7-day figure shows a decline of -5.77%, while the 30-day figure is down -10.97%.
4H structure: The weak recovery failed to break through resistance at 78,167 USDT. Sellers remain in control, with each successive high and low below the previous high and low.
Last line of defense: The 75,400–75,700 USDT level is the final narrow passage keeping BTC from falling further. If buying demand fails to emerge and a candle closes below this barrier, there's a very high risk of the price sliding toward the 72,000–73,000 USDT zone.
⚡ SCENARIOS & ACTION:
Buyers (dip buying): Absolutely do not "catch a falling knife" while red candles are selling off heavily. Be patient and wait for the price to retest the 75,000–75,700 USDT zone and show a clear candle with a long lower wick.
Risk management: Prioritize protecting your capital, and strictly follow your stop-loss if you're holding a short-term long position.
💬 What do you think, Binance Square community?
Is the 75,700 USDT level strong enough for $BTC to bounce back, or will it be breached? Are you holding LONG, going SHORT, or sitting on the sidelines with USDT? Let us know below! 👇
#bitcoin #BTC #BTCUSDT #BinanceSquare #CryptoMarket
After a sharp drop from the peak of 81,971 USDT, Bitcoin still hasn't found a floor! The recent short-term bounce to 78,167 USDT was quickly crushed by selling pressure, with a red sell-off candle on the 4H chart driving the price straight down to 76,006.95 USDT (the 24-hour low touched 75,736.38 USDT).
🔍 The technical picture on the chart:
Downward pressure: The 7-day figure shows a decline of -5.77%, while the 30-day figure is down -10.97%.
4H structure: The weak recovery failed to break through resistance at 78,167 USDT. Sellers remain in control, with each successive high and low below the previous high and low.
Last line of defense: The 75,400–75,700 USDT level is the final narrow passage keeping BTC from falling further. If buying demand fails to emerge and a candle closes below this barrier, there's a very high risk of the price sliding toward the 72,000–73,000 USDT zone.
⚡ SCENARIOS & ACTION:
Buyers (dip buying): Absolutely do not "catch a falling knife" while red candles are selling off heavily. Be patient and wait for the price to retest the 75,000–75,700 USDT zone and show a clear candle with a long lower wick.
Risk management: Prioritize protecting your capital, and strictly follow your stop-loss if you're holding a short-term long position.
💬 What do you think, Binance Square community?
Is the 75,700 USDT level strong enough for $BTC to bounce back, or will it be breached? Are you holding LONG, going SHORT, or sitting on the sidelines with USDT? Let us know below! 👇
#bitcoin #BTC #BTCUSDT #BinanceSquare #CryptoMarket
