Sharp drop tests 73k; weak consolidation! BTC focus: 75.8k resistance and risk of breaking below 72k
$BTC The short-term trend continues downward, with a brief low near 73k
BTC accelerated its decline this morning. After a wick-and-bounce, it consolidated, but is showing signs of testing lower levels again. It is currently near 74.5k—can the decline continue?
In the short term, watch to see whether it falls to the previous wick low. A break below that level would likely mean a test of support at 72k! On the upside, keep an eye on resistance around 75.8k!
$BTC The short-term trend continues downward, with a brief low near 73k
BTC accelerated its decline this morning. After a wick-and-bounce, it consolidated, but is showing signs of testing lower levels again. It is currently near 74.5k—can the decline continue?
In the short term, watch to see whether it falls to the previous wick low. A break below that level would likely mean a test of support at 72k! On the upside, keep an eye on resistance around 75.8k!
