I will analyze the support and resistance levels for BTC using candlestick data and technical indicators.📉BTC is currently in a weak technical zone with clear selling pressure, and indicators suggest the possibility of continued decline before forming a new bottom.## Main Support and Resistance LevelsResistance levels (from bottom to top):- Near resistance: 80,500 - 81,000 (last close area and expected quick rebound)- Medium resistance: 81,700 - 82,200 (last week's peak and active resistance line)- Strong resistance: 82,850 - 83,000 (structural high from May 6)Support levels (from top to bottom):- Near support: 79,800 - 80,100 (area of the last two days' bottom)- Main support: 79,100 - 79,500 (critical support line from May 8)- Strong support: 78,700 - 78,900 (current local bottom and lower Bollinger Band)- Strategic support: 77,200 - 77,400 (major support zone from April)## Technical Indicator AnalysisCurrent signals:- RSI: dropped to 17.87 (very oversold zone) - indicates potential for a corrective rebound- KDJ: declined to 16.99 (extremely low level) - confirms strong selling pressure- MACD: fast line below slow line by -202.76 (widening gap) - indicates strong bearish momentum- BOLL: current price at 78,892 very close to lower band at 78,769 - reflects extreme selling pressure## Recommendations Based on the Current SituationUrgent (24-48 hours):- Staying above 79,800 may allow a rebound toward 80,500 - 81,000- Breaking below 78,700 could push the price toward 77,200 as a strong supportMedium-term (week):- Indicators are at historically extreme levels = a potential upcoming corrective rebound- First rebound resistance at 82,200 - 82,850Personal advice for you: Based on your portfolio containing USDT, ICP, and SUI, you can take advantage of this current weakness with USDT to enter small buy positions at support levels 79,800 - 78,900 instead of buying now.‍$BTC #GateSquareMayTradingShare #GateSquareMayTradingShare $BTC

BTC-2.03%
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