$BTC
Bitcoin (BTC) Daily Update –
Bitcoin is currently trading in a consolidation phase after a strong bearish move. The price previously dropped sharply from higher levels, showing strong selling pressure. After this decline, BTC found temporary support near the lower zone, where buyers stepped in and slowed down the fall.
At the moment, price action is moving sideways, indicating market indecision. This suggests that traders are waiting for a clear direction. If Bitcoin holds above the current support, we may see a short-term relief bounce toward nearby resistance levels. However, if support breaks, another downward continuation could occur.
Overall market sentiment remains cautious, and confirmation is needed before entering aggressive trades. Patience is key until Bitcoin shows a clear breakout or breakdown.
📊 Trend: Bearish → Consolidation
📉 Support: Holding for now
📈 Next Move: Depends on breakout direction