🔴Technical analysis for $BTC :
💥Overall trend and price drop: The BTC/USDT pair is clearly in a downtrend on the 4-hour chart, currently trading at 61,213.60 with a decrease of %3.02-.
💥Moving average indicators: The price is trading below the three exponential moving averages EMA(7), EMA(25), and EMA(99), confirming the dominance of selling pressure and the bearish trend in the short to medium term.
💥Support and resistance levels: The recent low at 59,130.91 serves as the current main support level that has prevented further declines, while the area around 61,892.93 and the moving averages above form strong resistance levels.
💥Current situation and trading volume: The price is experiencing a temporary corrective bounce and sideways consolidation after touching support, amid a relative decline in trading volumes compared to the previous sharp sell-off.
#StrongJobsDataRevivedFedHikeBets
💥Overall trend and price drop: The BTC/USDT pair is clearly in a downtrend on the 4-hour chart, currently trading at 61,213.60 with a decrease of %3.02-.
💥Moving average indicators: The price is trading below the three exponential moving averages EMA(7), EMA(25), and EMA(99), confirming the dominance of selling pressure and the bearish trend in the short to medium term.
💥Support and resistance levels: The recent low at 59,130.91 serves as the current main support level that has prevented further declines, while the area around 61,892.93 and the moving averages above form strong resistance levels.
💥Current situation and trading volume: The price is experiencing a temporary corrective bounce and sideways consolidation after touching support, amid a relative decline in trading volumes compared to the previous sharp sell-off.
#StrongJobsDataRevivedFedHikeBets