Yesterday we discussed the importance of those MA support confluences… and today the market reacted exactly from there.
Price has now officially lost key MA levels across multiple timeframes: MA7 on Daily, MA25 on 4H & MA99 on lower timeframes
And because of that, bearish momentum is starting to expand exactly as expected. 📉
Right now $BTC structure is showing: • Continuous lower highs forming • Weak bounce attempts getting rejected quickly • MACD momentum flipping bearish on multiple timeframes • RSI still lacking strong recovery strength • Sellers maintaining pressure below key moving averages
The important thing now is simple👇 $74K – $75K support zone is getting tested again.
This is the major short-term battlefield for #BTC
If buyers defend this region strongly, we can still see: • Relief bounce attempts • Short-term recovery toward lost MA levels • Possible consolidation before next major move
But if this support breaks decisively: • Bearish pressure could accelerate aggressively • Panic selling may increase • Deeper correction zones open immediately (72k)
Those who followed yesterday’s update already had enough warning to stay protective and avoid emotional entries🌟
Right now patience matters more than prediction. 👀