$BTC Plunges Near Key Support: MACD Turns Bearish
Price: 88,734.00 USDT | 24h Change: -0.32%
A critical battle is underway.After hitting a 24h high of 90,054.50, BTC has dropped sharply, now testing the 88.7K zone. The momentum has flipped.
Key Signals Turning Red:
•MACD: Deep in negative territory at -82.99, with DIF (-115.02) leading the bearish charge below DEA (-32.03).
•Volume: Current VOL (422.73K) is significantly above the MA(10) (171.73K), suggesting strong selling pressure.
•Price Action: Trading well below the 15m/1h VWAP of 88,961.65. The 24h low of 87,577.36 is the next major support.
Critical Levels:
•Immediate Resistance: 89,986.68 (Recent Traded High)
•Immediate Support: 88,562.65 (Current Chart Base)
•Breakdown Target: A breach below 88.5K could target the 24h low.
The bears have taken control on the short-term charts. Volatility is high with 1.09B USDT traded in 24h. Will the 88.5K support hold, or is a deeper correction imminent? The next candle is crucial.
$BTC #TrumpTariffs #USJobsData
