$BTC Bitcoin has pulled back from its high and broken below the key level, but relative to Ethereum it remains more resilient. The current price is trading around 79,617. After falling through a key moving-average support, short-term bearish momentum continues to be released.


The resistance levels above are concentrated in the 80,000–80,400 range, with the strongest resistance at the previous high of 82,788. On the downside, first watch 79,160; if it is lost, then focus shifts to around 78,700.
On the 1-hour timeframe, price continues to decline along the moving averages. On the 4-hour timeframe, the MACD green bars keep expanding, confirming a clear bearish trend. In the short term, the main focus should be a trend-following bearish approach; when key support levels overlap with a bottom divergence setup, long positions can be considered. #比特币跌破8万美元 Precise entry points ⬇️
BTC-1.69%
ETH-2.13%
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TradingKingGaoYuliang
Latest position update! #Bitcoin drops below $80k
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