BTC/USDT at $82,914 is in short-term correction.
$BTC Price is below MA(7) $83,276 and MA(25) $83,925 - sellers in control. Rejected from $87,395 high on Oct 5. Still well above MA(99) $73,231 so long-term trend safe.
*1-3 day view:* Bearish to sideways. Your Order Book is 83% Sell vs 17% Buy - heavy selling pressure. First support is today's low $82,410, if breaks then $80,000 psychological, then $79,389.
Resistance: $83,276 -> $83,925. Need to reclaim $84,352 (24h High) to turn bullish.
Volume MA(5) 11.7K falling, bounce is weak. Not financial advice. $BTC
$BTC Price is below MA(7) $83,276 and MA(25) $83,925 - sellers in control. Rejected from $87,395 high on Oct 5. Still well above MA(99) $73,231 so long-term trend safe.
*1-3 day view:* Bearish to sideways. Your Order Book is 83% Sell vs 17% Buy - heavy selling pressure. First support is today's low $82,410, if breaks then $80,000 psychological, then $79,389.
Resistance: $83,276 -> $83,925. Need to reclaim $84,352 (24h High) to turn bullish.
Volume MA(5) 11.7K falling, bounce is weak. Not financial advice. $BTC