$BTC Update

Currently, Bitcoin is trading around $76K, and the price has been continuously dropping from its $126K all-time high. The momentum has clearly slowed down, and sellers are controlling the market for now.

On the weekly timeframe, $BTC first lost the $100K level and then moved into consolidation between $84K and $94K. Price tried multiple times to break higher but failed. After rejecting from the 50 EMA, BTC moved straight down toward the $74K area.

Now we are approaching a very strong weekly support zone between $74K–$68K. This zone has historically shown buying interest, so we may see some consolidation here or even a test of the 200 EMA before the next big move.

If you’re an investor, this could be a good area to slowly DCA and build positions. If you’re a trader, it’s better to stay patient and wait

Let the charts speak. Patience always wins in this market.