Post
--Bearish
cryptomehmet
·
--
#bitcoin – Pay Attention to the Critical Zone
The technical outlook for Bitcoin is becoming increasingly complex. The current price action and the area on the chart are crucial for determining short-term direction.
Especially with the descending trend line being tested three times without being broken with volume and persistence, it's signaling that upward momentum is starting to weaken.
Moreover, if the price fails to hold within the ascending parallel channel's lower band, which is being tracked as a correction and support area, the likelihood of downward pressure intensifying will increase.
In this scenario, technically speaking:
73,500 is the first major support,
70,500 is highlighted as the next strong demand zone.
In short, the current structure is showing more of a critical support defense struggle than a “continuation of the trend.”
#altcoins #Ethereum #cryptomartket
The technical outlook for Bitcoin is becoming increasingly complex. The current price action and the area on the chart are crucial for determining short-term direction.
Especially with the descending trend line being tested three times without being broken with volume and persistence, it's signaling that upward momentum is starting to weaken.
Moreover, if the price fails to hold within the ascending parallel channel's lower band, which is being tracked as a correction and support area, the likelihood of downward pressure intensifying will increase.
In this scenario, technically speaking:
73,500 is the first major support,
70,500 is highlighted as the next strong demand zone.
In short, the current structure is showing more of a critical support defense struggle than a “continuation of the trend.”
#altcoins #Ethereum #cryptomartket