🚨 $BTC CRITICAL UPDATE: Support or Breakdown? 📉
Bitcoin is facing heavy selling pressure, currently trading at $72,742. The chart shows a clear bearish trend—here is what you need to know:
The Drop: BTC has plummeted from its $97,924 peak, losing major support levels along the way.
Current Zone: We are sitting right on the $72,700 support. This is a "make or break" level for the bulls.
Indicators: Price is trading well below the MA(99) ($91,770), signaling that the bears are firmly in control for now.
🎯 Key Targets to Watch:
Immediate Support: $72,700 (Current floor)
Next Downside Target: $68,500 - $70,000 (If support fails)
Resistance to Clear: $77,150 (First sign of recovery)
Trade Here 👇🏻 $BTC
⚠️ Strategy: Stay cautious. Don't catch a falling knife without a confirmed reversal candle. Always use a Stop-Loss!
What’s your move? Buying the dip or waiting for $60k? Let’s discuss below! 👇