BTC remains under bearish pressure after failing to hold the resistance zone around 76K to 78K. The price has now dropped to 74,449 with red candles still dominating the one-hour timeframe. The movement of MA5 and MA10 below MA30 indicates that the downward momentum remains quite strong, complemented by the MACD indicator which stays in the negative zone. An important support appears around 74,200, and if this level is broken, the chance for further decline remains open. However, if buyers start to enter and volume increases, BTC has the potential for a short-term rebound toward the 75,800 to 76,500 area. The market is still very sensitive to global sentiment, so risk management remains the key for active traders today.


#StockTradingChallengeUpTo17000U #TrumpBacksCFTCAuthorityOverPredictionMarkets $BTC
BTC-3.44%
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