Key points from the chart: 1. $BTC corrected from $79,859 to $76,000 2. Price is below EMA7 77,253, EMA25 77,305, and EMA99 77,782 3. The order book: 63.69% sell = selling pressure is still present
Positive scenario: Close above $77,305 targeting $77,782, then $78,354
Negative scenario: Break below $76,655 and return to test $76,000
What’s clear from the chart: 1. $IOST dropped from 0.00222 to 0.00109 2. The price is below EMA7, EMA25, and EMA99 = selling pressure 3. The next strong support is at 0.00080
Is this the bottom and will it bounce? Or is there still more downside? I’m watching for a close above 0.00123 to stay optimistic
Note: The coin is extremely volatile and this is not financial advice