Bitcoin is experiencing selling pressure after failing to maintain the resistance area around 82,700 USDT. On the 1-hour timeframe, the price is moving down to the 79,500 area with MA10 and MA30 beginning to turn bearish. The MACD indicator shows that the weakening momentum is still dominant, while the RSI is below the neutral level, so the potential for further correction remains open. However, on the daily timeframe, the major trend still appears bullish because the price stays above MA30. Strong support areas are at 79,100 to 78,000, while the nearest resistance is at 80,600 and 81,900. If BTC can rebound from support, the chance of a return to the 82,000 area is still quite high.

BTC0.85%
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