Bitcoin. Current Conditions: Price around 76,000 after rejection from the 79,400 area The structure begins with a lower high + lower low โ†’ a short-term bearish indication MA5 < MA10 < MA30 โ†’ confirmation of downward pressure Strong selling (large previous red candle) ๐Ÿ”ป Bearish Scenario (more dominant) If it breaks through 75.6000 (24-hour low): Potential for further decline to 74.8000 Could even test 73.7000 (previous strong support) ๐Ÿ‘‰ So, if you want to short sell, the safe areas are: Rejection at 76.5000 โ€“ 77,000 Target: 75,000 โ†’ 74,000 ๐Ÿ”บ Bullish Scenario (needs confirmation) Must recapture and hold Above: 77.5000 โ€“ 78.000 If successfully broken through: Could rise again to 79.000 ๐Ÿ‘‰ Without breaking through this area, the increase is only a temporary correction.

BTC-1.34%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments