âđš BTC CRITICAL UPDATE: Is the Dip Just Starting? đ
âBy: @IPCasper
âBitcoin (BTC) is currently at a major crossroads. The recent price action has left many traders questioning if weâve found a bottom or if thereâs more downside to come. đ
âđ Technical Breakdown:
âCurrent Price: BTC is trading around $73,160, showing a sharp decline of over 4% within 24 hours.
âSupport Breakdown: Previous support levels have been breached, and the price is currently testing the $71,888 zone.
âBearish Momentum: On the 4-hour chart, we are seeing a clear pattern of "Lower Highs." The increase in selling volume suggests that bears are still in control of the narrative.
âđŻ Whatâs Next? (Key Scenarios)
âThe $70K Magnet: If BTC fails to hold the $71,800 level, we could see a quick drop toward the psychological support of $70,000.
âPotential Recovery: For a bullish reversal, BTC needs to reclaim and stabilize above the $75,500 - $76,000 resistance zone.
âđĄ My Take (By IPCasper):
âThe market sentiment remains cautious. If you are looking to enter new long positions, ensure you are using tight stop-losses. Is this a "Buy the Dip" opportunity or a "Falling Knife"? đ§
âWhatâs your move? Letâs discuss in the comments below! đ
â#BTC #Bitcoin #CryptoAnalysis #TradingSignals #IPCasper
ââ ïž Disclaimer: This post is for educational purposes only and is not financial advice. Cryptocurrency markets are highly volatile. Always do your own research (DYOR) before making any investment decisions.
