đ Bitcoin falls to $103,157!
Recent action has $BTC down -1.32%, with a daily low of $102,345. Overall the market sentiment is cautious to adverse, with uncertainty in the macro landscape and tightening liquidity breathing over the market.
đ Technical Indicators:
đ 7-Day MA: Continuing bearish divergence below short-term moving averages.
đ§Ÿ Order Book: Buyer interest is underwhelming at 25.74%; the book is heavily weighted to the ask side.
đ Volume is still relatively high at 16,391 BTC, suggesting some market participation exists - even through this correction.
Is this a dip - or the beginning of a much deeper retrace?
đ§ Smart traders are watching key supports at $102,000 and lower with focus on the FOMC and wider global economic signals.
Recent action has $BTC down -1.32%, with a daily low of $102,345. Overall the market sentiment is cautious to adverse, with uncertainty in the macro landscape and tightening liquidity breathing over the market.
đ Technical Indicators:
đ 7-Day MA: Continuing bearish divergence below short-term moving averages.
đ§Ÿ Order Book: Buyer interest is underwhelming at 25.74%; the book is heavily weighted to the ask side.
đ Volume is still relatively high at 16,391 BTC, suggesting some market participation exists - even through this correction.
Is this a dip - or the beginning of a much deeper retrace?
đ§ Smart traders are watching key supports at $102,000 and lower with focus on the FOMC and wider global economic signals.