$BTC/USDC Market Update โ Short-Term Pressure Building
BTC is currently trading around 73,600 after facing rejection near the 74,500 resistance zone. The chart shows a clear bearish structure on lower timeframes.
๐ Key Signals:
Price below MA(25) & MA(99) โ bearish momentum
Continuous lower highs forming
Weak bounce with selling pressure increasing
Volume spikes on red candles โ sellers active
๐ Key Levels:
Resistance: 74,200 โ 74,500
Support: 73,400 โ if breaks, next drop likely
โ ๏ธ Trade Idea:
Short positions look favorable below 74,000
If price breaks 73,400, expect further downside continuation
Bullish only if strong reclaim above 74,500
๐ฅ Conclusion: Market is showing sell pressure, not a strong buy zone yet. Smart traders wait for confirmation or follow the trend.
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