$BTC
๐ BITCOIN UPDATE | BEARISH PRESSURE INCREASING
BTC/USDT โ My Personal Technical Research
Bitcoin has dropped further and is now trading around $72,900, according to my latest Binance observation.
My earlier chart showed BTC around $74,200. The additional decline is strengthening my bearish outlook.
๐ MY TECHNICAL ANALYSIS
โข Current BTC Price: $72,900
โข Supertrend (10,3): $81,384
โข AVL Reference: $74,733
โข Previous Major Low: $57,800
BTC is now trading below the AVL and Supertrend reference levels, indicating continued technical weakness.
๐ด MY BEARISH SCENARIO
If selling pressure continues, I am watching:
1. $72,000 โ near-term psychological level.
2. $70,000 โ important psychological support.
3. $65,000 โ potential downside zone.
4. $59,447 โ deeper bearish projection from my chart.
๐ข WHAT COULD CHANGE MY VIEW?
A recovery above $74,733, followed by stronger movement towards $76,000, could improve the market structure.
๐ฏ MY STRATEGY
I am not rushing to buy.
I prefer waiting for confirmation rather than trying to catch a falling market.
My current bias: BEARISH โ WAIT & WATCH.
๐ฌ Do you think BTC will reach $65K, or will buyers defend the current levels?
Share your opinion!
โ Mr Zaroof | Independent Crypto Research
#MrZaroof09 #Bitcoin #BTC #BTCUSDT #TechnicalAnalysis #CryptoMarket #Binance #BitcoinAnalysis #SpotTrading
๐ BITCOIN UPDATE | BEARISH PRESSURE INCREASING
BTC/USDT โ My Personal Technical Research
Bitcoin has dropped further and is now trading around $72,900, according to my latest Binance observation.
My earlier chart showed BTC around $74,200. The additional decline is strengthening my bearish outlook.
๐ MY TECHNICAL ANALYSIS
โข Current BTC Price: $72,900
โข Supertrend (10,3): $81,384
โข AVL Reference: $74,733
โข Previous Major Low: $57,800
BTC is now trading below the AVL and Supertrend reference levels, indicating continued technical weakness.
๐ด MY BEARISH SCENARIO
If selling pressure continues, I am watching:
1. $72,000 โ near-term psychological level.
2. $70,000 โ important psychological support.
3. $65,000 โ potential downside zone.
4. $59,447 โ deeper bearish projection from my chart.
๐ข WHAT COULD CHANGE MY VIEW?
A recovery above $74,733, followed by stronger movement towards $76,000, could improve the market structure.
๐ฏ MY STRATEGY
I am not rushing to buy.
I prefer waiting for confirmation rather than trying to catch a falling market.
My current bias: BEARISH โ WAIT & WATCH.
๐ฌ Do you think BTC will reach $65K, or will buyers defend the current levels?
Share your opinion!
โ Mr Zaroof | Independent Crypto Research
#MrZaroof09 #Bitcoin #BTC #BTCUSDT #TechnicalAnalysis #CryptoMarket #Binance #BitcoinAnalysis #SpotTrading
