š BTC/USDT ASIAN SESSION UPDATE: LIQUIDITY SWEEP BELOW $73,500 - BUYERS STEP IN
š ASIAN SESSION TECHNICAL DATA (4H CHART):
ā¢ Current price: ~$73,820 (Down 1.66% over the past 24 hours, but showing a slight recovery of +1.29% since the start of the new day).
ā¢ 24-hour range & new low: High of $75,154, with a wick sweeping down to $72,727.27 (new low set on 05/11).
ā¢ Surge in trading volume: 24-hour trading volume jumped to 1.28 billion USDT, indicating that strong dip-buying flows absorbed panic selling near the bottom.
ā¢ Moving average system: MA(7) has fallen to $74,019 and is now immediate resistance just above the price. The next barrier is MA(25) at $75,085.
ā¢ MACD indicator: DIF (-731.24) and DEA (-672.77) continue to plunge below the zero line, with the red Histogram bars widening (-58.47). The current rise is only a technical rebound; the downtrend has not been broken.
ā ļø KEY PRICE ZONES TO WATCH:
ā¢ Market cost basis: Still anchored high at $78,600, continuing to create overhead supply pressure as the price recovers.
ā¢ Critical support: The new low at $72,727.
š® ASIAN SESSION OUTLOOK:
ā¢ Scenario 1 (More likely): Price moves sideways within a narrow $73,000ā$74,200 range to stabilize sentiment and trade back and forth around MA(7).
ā¢ Scenario 2 (Risk): If the rebound is too weak and fails to break above $74,020 resistance, bears may push the price back down to retest the $72,700ā$73,000 low zone once again.
#Bitcoin #BTC #BTCUSDT #Crypto #CryptoTrading #TechnicalAnalysis #MarketUpdate #AsianSession #MACD #PriceAction $BTC
š ASIAN SESSION TECHNICAL DATA (4H CHART):
ā¢ Current price: ~$73,820 (Down 1.66% over the past 24 hours, but showing a slight recovery of +1.29% since the start of the new day).
ā¢ 24-hour range & new low: High of $75,154, with a wick sweeping down to $72,727.27 (new low set on 05/11).
ā¢ Surge in trading volume: 24-hour trading volume jumped to 1.28 billion USDT, indicating that strong dip-buying flows absorbed panic selling near the bottom.
ā¢ Moving average system: MA(7) has fallen to $74,019 and is now immediate resistance just above the price. The next barrier is MA(25) at $75,085.
ā¢ MACD indicator: DIF (-731.24) and DEA (-672.77) continue to plunge below the zero line, with the red Histogram bars widening (-58.47). The current rise is only a technical rebound; the downtrend has not been broken.
ā ļø KEY PRICE ZONES TO WATCH:
ā¢ Market cost basis: Still anchored high at $78,600, continuing to create overhead supply pressure as the price recovers.
ā¢ Critical support: The new low at $72,727.
š® ASIAN SESSION OUTLOOK:
ā¢ Scenario 1 (More likely): Price moves sideways within a narrow $73,000ā$74,200 range to stabilize sentiment and trade back and forth around MA(7).
ā¢ Scenario 2 (Risk): If the rebound is too weak and fails to break above $74,020 resistance, bears may push the price back down to retest the $72,700ā$73,000 low zone once again.
#Bitcoin #BTC #BTCUSDT #Crypto #CryptoTrading #TechnicalAnalysis #MarketUpdate #AsianSession #MACD #PriceAction $BTC