๐จ BTC/USDT Market Update โ Whatโs Next for Bitcoin? ๐จ
Bitcoin is showing short-term weakness as price trades around $86,926, facing strong pressure below key moving averages ๐. Letโs break it down simply ๐
๐ฅ Current Snapshot
๐ฐ Price: $86,926
๐ 24H Change: -0.84%
โฌ๏ธ 24H High: $88,372
โฌ๏ธ 24H Low: $86,601
๐ Technical View (1D Timeframe)
๐ก MA(7): $87,672 โ Price trading below, bearish sign
๐ด MA(25): $89,326 โ Strong resistance zone
๐ฃ MA(99): $102,556 โ Long-term resistance still far above
๐ Volume: Decreasing โ Sellers losing strength but buyers still cautious
๐ง Market Insight
Bitcoin failed to hold above $90K, triggering a pullback. As long as price stays below $89Kโ$90K, the market remains bearish to sideways. However, strong support is forming near $85Kโ$83.5K ๐ช
๐ฎ Key Levels to Watch
๐ข Support: $86,000 โ $83,500
๐ด Resistance: $88,500 โ $90,000
โก Conclusion
This is a decision zone for BTC. A bounce from support could bring a short-term relief rally ๐, but a breakdown may open doors for deeper correction. Trade smart, manage risk, and donโt chase emotions ๐ก
๐ข Stay alert. Stay profitable.
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