BTC Reacting to Ceasefire News – Key Level to Watch 🧐
The U.S.-Iran ceasefire extension gave BTC a push to ~$78.4K, but now the market is cooling off.
📊 What the charts show:
-EMA(7) and EMA(25) converging on lower timeframes
-RSI(6) dropped from 73 → 38.6
-MACD momentum slowing down
-Volume decreasing = hesitation
📰 Context matters:
-Ceasefire extended (positive)
-But diplomatic tensions remain under the surface
-Market is digesting the news
📍 Key levels to watch but not a financial advice
-Resistance: $79,000 - $79,500
-Major support: $75,300 (100 EMA)
🧠 My take:
Price is consolidating after the news pump. A clean hold above $78K keeps the bullish structure. Losing it could bring a retest of $75K.
Patience is key. Let the market confirm direction.
#BinanceSquareTalks
The U.S.-Iran ceasefire extension gave BTC a push to ~$78.4K, but now the market is cooling off.
📊 What the charts show:
-EMA(7) and EMA(25) converging on lower timeframes
-RSI(6) dropped from 73 → 38.6
-MACD momentum slowing down
-Volume decreasing = hesitation
📰 Context matters:
-Ceasefire extended (positive)
-But diplomatic tensions remain under the surface
-Market is digesting the news
📍 Key levels to watch but not a financial advice
-Resistance: $79,000 - $79,500
-Major support: $75,300 (100 EMA)
🧠 My take:
Price is consolidating after the news pump. A clean hold above $78K keeps the bullish structure. Losing it could bring a retest of $75K.
Patience is key. Let the market confirm direction.
#BinanceSquareTalks