🔥 $BTC /USDT (1M): Bounce or Trap?
Bitcoin is trading at $76,478 (+9.82% for the month), trying to stabilize after falling from a peak of $126,208.
📊 Key figures and levels:
Resistance: $77,866 (EMA 21) and $88,106 (middle Bollinger band).
Support: $66,628 (EMA 50) and $53,066 (lower Bollinger band).
Indicators: RSI near 50 (neutral, flat), MACD still in the negative zone - bearish pressure is fading, but not completely gone.
⚠️ What's next?
A monthly consolidation above $77,800 will give a chance to return to $88k+. If the level is not held, a retest of support around $66,600 is possible.
Bitcoin is trading at $76,478 (+9.82% for the month), trying to stabilize after falling from a peak of $126,208.
📊 Key figures and levels:
Resistance: $77,866 (EMA 21) and $88,106 (middle Bollinger band).
Support: $66,628 (EMA 50) and $53,066 (lower Bollinger band).
Indicators: RSI near 50 (neutral, flat), MACD still in the negative zone - bearish pressure is fading, but not completely gone.
⚠️ What's next?
A monthly consolidation above $77,800 will give a chance to return to $88k+. If the level is not held, a retest of support around $66,600 is possible.