🚨 Bitcoin is facing intense selling pressure... Has a rebound begun, or is the worst yet to come?
Bitcoin plunged sharply during trading today, November 8, with the price falling to 73,510 before rebounding to around 74,506, according to the screenshot.
📉 What are the technical indicators saying?
- RSI at 22–27: clearly oversold.
- MACD strongly negative: bearish momentum remains dominant.
- Trading volume rose noticeably during the decline.
- The price remains below the key moving averages.
🎯 Levels worth watching:
🟢 Support: 73,510
🔴 First resistance: 74,550
🔴 Second resistance: 74,980
🔴 Stronger resistance: 75,536 – 75,803
Market scenario:
Reclaiming 74,980 and holding above it could support an attempt to rebound toward 75,500.
However, a break below 73,510 could open the door to another wave of selling pressure.
⚠️ Note: Oversold conditions do not necessarily mean that a bottom has formed. Don't rush into a position before technical confirmation appears.
🔥 A question for traders:
Is what we're seeing a strong rebound opportunity, or just a brief pause before another decline?
Follow CarthagePulse for more analysis and carefully considered opportunities.
#bitcoin #BTC #Crypto #تحليل_فني📊 $BTC
$ETH
$BNB
#BinanceSquare
Bitcoin plunged sharply during trading today, November 8, with the price falling to 73,510 before rebounding to around 74,506, according to the screenshot.
📉 What are the technical indicators saying?
- RSI at 22–27: clearly oversold.
- MACD strongly negative: bearish momentum remains dominant.
- Trading volume rose noticeably during the decline.
- The price remains below the key moving averages.
🎯 Levels worth watching:
🟢 Support: 73,510
🔴 First resistance: 74,550
🔴 Second resistance: 74,980
🔴 Stronger resistance: 75,536 – 75,803
Market scenario:
Reclaiming 74,980 and holding above it could support an attempt to rebound toward 75,500.
However, a break below 73,510 could open the door to another wave of selling pressure.
⚠️ Note: Oversold conditions do not necessarily mean that a bottom has formed. Don't rush into a position before technical confirmation appears.
🔥 A question for traders:
Is what we're seeing a strong rebound opportunity, or just a brief pause before another decline?
Follow CarthagePulse for more analysis and carefully considered opportunities.
#bitcoin #BTC #Crypto #تحليل_فني📊 $BTC
$ETH
$BNB
#BinanceSquare
