$BTC
Bitcoin is attempting a recovery, but I would not call it a confirmed reversal yet. BTC is near $78,420 after pulling back from $78,873. Buyers stepped in close to $78,250, helping price form two green candles. This suggests demand is present, but follow-through is needed.
Selling pressure remains important. Volume looks lighter than during the previous move, while MACD is negative, with DIF below DEA. Bearish momentum has not fully faded. I am watching whether BTC can hold above the recent low and challenge resistance. A sustained push higher would improve the outlook, while another rejection could bring a fresh support test. Patience and risk management matter more than chasing a bounce.
At $78,420, BTC is up 0.69%. The key chart low is $78,250; the nearby hurdle is $78,577, then $78,873. MACD stays bearish, so a bounce needs confirmation. Stay patient and alert.
$ETH
$BNB
#BinanceSquareTalks
Bitcoin is attempting a recovery, but I would not call it a confirmed reversal yet. BTC is near $78,420 after pulling back from $78,873. Buyers stepped in close to $78,250, helping price form two green candles. This suggests demand is present, but follow-through is needed.
Selling pressure remains important. Volume looks lighter than during the previous move, while MACD is negative, with DIF below DEA. Bearish momentum has not fully faded. I am watching whether BTC can hold above the recent low and challenge resistance. A sustained push higher would improve the outlook, while another rejection could bring a fresh support test. Patience and risk management matter more than chasing a bounce.
At $78,420, BTC is up 0.69%. The key chart low is $78,250; the nearby hurdle is $78,577, then $78,873. MACD stays bearish, so a bounce needs confirmation. Stay patient and alert.
$ETH
$BNB
#BinanceSquareTalks
