$BTC is currently trading in a short-term downtrend after failing to hold higher levels. Price is hovering near a key support zone, where buyers have previously stepped in. This level is important because a clear break below support could lead to further downside.
On the upside, BTC needs a strong move back above the recent resistance area to shift momentum in favor of the bulls. Until that happens, the market remains cautious and range-bound.
Key Levels
Support: Major demand zone below current price
Resistance: Recent breakdown area
Bias Neutral to bearish until resistance is reclaimed. Bullish only on a confirmed breakout above resistance. #BTCVSGOLD
💸 Friend: Bro, are you investing in crypto? 🚀 Me: Of course! One day I’ll buy a Tesla! 📉 Reality: The coin dropped -90% the next day 📉 🥲 Me: “Stay strong… buy the dip…” 💀 Checks balance: $0.47 😭 $BTC