Is $BTC bulls losing the battle? ๐ฉธ The bears are in control!
$BTC is currently trading at 74,311.75, facing heavy rejection from the moving averages on the 1h chart. The price is trapped below MA(7) at 74,336 and MA(25) at 74,778, confirming a clear short-term downtrend. A massive red volume spike recently pushed the price to a 24h low of 73,524.73. The overall 30-day trend remains deeply bearish (-10.50%). ๐ป
Outlook: Bearish ๐
Key Levels:
๐ก๏ธ Support: 73,524
๐ง Resistance: 74,778
Trade Setup:
๐ฏ EP: 74,311
๐ฐ TP: 73,524
๐ SL: 74,778
$BTC
#BTC #Bitcoin #CryptoAnalysis #bearish #BinanceSquare
$BTC is currently trading at 74,311.75, facing heavy rejection from the moving averages on the 1h chart. The price is trapped below MA(7) at 74,336 and MA(25) at 74,778, confirming a clear short-term downtrend. A massive red volume spike recently pushed the price to a 24h low of 73,524.73. The overall 30-day trend remains deeply bearish (-10.50%). ๐ป
Outlook: Bearish ๐
Key Levels:
๐ก๏ธ Support: 73,524
๐ง Resistance: 74,778
Trade Setup:
๐ฏ EP: 74,311
๐ฐ TP: 73,524
๐ SL: 74,778
$BTC
#BTC #Bitcoin #CryptoAnalysis #bearish #BinanceSquare
