Price has suffered a breakdown from its recent peak near $63,999.00, decisively dropping below the short-term moving averages (7 MA and 25 MA baselines) as seen in image_cf88e3.jpg. The distinct lower-high market structure and weak relief attempts confirm growing seller dominance in the short term, setting up a prime continuation opportunity for a deeper corrective move down toward the 99 MA support level and key horizontal demand zones.
Price has witnessed an aggressive breakout to new local highs, decisively clearing all major moving averages on expanding bullish volume as seen in image_60260f.jpg. The moving averages are perfectly aligned in a supportive structure, with the short-term 7 MA extending well above the 25 MA and 99 MA baselines, confirming strong upward momentum and setting up a prime continuation opportunity upon any minor healthy pullback.
Entry: $0.00320 - $0.00360 Stop Loss (SL): $0.00290