BTC: Bitcoin remains stuck 🤔
The big bear move continues, as BTC stays below the 200-day moving average 📉.
Rising inflation and Treasury yields are putting pressure on risk assets 💸. Earlier this week, Bitcoin even slipped below $77k after failing to break above $82k.
Key takeaway: Bears have held their ground, with no signs of a quick rebound soon. The 200-day moving average acts as strong resistance 🏃♂️
While short-term buyers are trying to stabilize, the long-term outlook is still bearish. BTC consolidates around key levels, waiting for clearer signals 🛡️
What do you think—bull or bear? 😓
🤔 #BTC #CryptoMarket