BTCUSDT — Technical Analysis (12H)
$BTC #TrendTradingStrategy #bitcoin 🔍 Overview: Bitcoin (~88,937.3) is undergoing a significant correction, losing its long-term moving average.
1. Trend: The price has forcefully broken below the EMA(7) (~91,247.7), EMA(25) (~92,477.5), and, crucially, the EMA(99) (~92,142.6). This indicates a trend shift to bearish in this time frame.
2. Resistance: The cluster of EMAs between $91,200 and $92,500 becomes a major resistance zone.
3. Support: Recent lows around $86,000 - $87,000 are the next critical support zone.
4. MACD: The red histogram is expanding rapidly, indicating strong selling momentum.
⸻
✅ Conclusion:
The loss of the EMA(99) is a major technical event. The outlook has changed to bearish. The price is expected to test the support zone of $86k-$87k.
📉
#Crypto #AnalisisTecnico #Bitcoin