$BTC under pressure: break below 75,208 or rebound to 76,333?
$BTC is under scrutiny after Binance CFO's resignation, reported by The Block. $ZEC (-1.3%) and $ETH (-0.4%) are also moving.
Current price: US$75,696, down 0.13% in 24h and 2.70% in 7 days. The 24h range is between US$75,571 and US$76,200, and 24h volume reaches US$388 million.
My take: the CFO's departure, which comes nine days after the record-breaking hack, could create market uncertainty and put downward pressure on BTC, although there is no confirmation of a structural effect.
On the 4h chart, EMA20 is at 76,320 and EMA50 at 77,225, with a bearish trend and RSI at 38.4. Key support is at 75,208; if it breaks, the next downside level is 74,888. On the upside, resistance is at 76,333; breaking above it would invalidate the bearish scenario and open the way to 77,620.
Will it break 76,333 and target 77,620, or fall below 75,208? 🟢🔴
#BTC #Binance #CFO
This is not financial advice. Verify before investing.
$BTC is under scrutiny after Binance CFO's resignation, reported by The Block. $ZEC (-1.3%) and $ETH (-0.4%) are also moving.
Current price: US$75,696, down 0.13% in 24h and 2.70% in 7 days. The 24h range is between US$75,571 and US$76,200, and 24h volume reaches US$388 million.
My take: the CFO's departure, which comes nine days after the record-breaking hack, could create market uncertainty and put downward pressure on BTC, although there is no confirmation of a structural effect.
On the 4h chart, EMA20 is at 76,320 and EMA50 at 77,225, with a bearish trend and RSI at 38.4. Key support is at 75,208; if it breaks, the next downside level is 74,888. On the upside, resistance is at 76,333; breaking above it would invalidate the bearish scenario and open the way to 77,620.
Will it break 76,333 and target 77,620, or fall below 75,208? 🟢🔴
#BTC #Binance #CFO
This is not financial advice. Verify before investing.
