📉 $BTC / USDT Technical Breakdown: The Support Test 📉

Bitcoin is currently navigating a tricky technical setup. Let's break down the daily chart to see where the market stands:

• Price Action: We are currently trading at $78,406, remaining below the Middle Bollinger Band resistance ($79,378). Reclaiming this middle band is essential for the bulls to regain short-term control.

• Macro Headwinds: High U.S. Treasury Yields are heavily influencing order flow and keeping the price suppressed near local support.

• RSI Check: The 6-period RSI has cooled off significantly and is currently sitting at 39.09. We are nearing oversold territory, which could present a solid bounce opportunity if macro conditions ease.

• Downside Targets: If current support fails, the Lower Bollinger Band at $75,808 is the next major structural defense line.

Manage your risk, watch the macro data, and stay disciplined! 🛡️

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