๐ $BTC loses momentum after local high ๐๐๐
Bitcoin has declined from a maximum of $88,176 to $86,410, where it is currently trying to hold.
๐ Key points from the chart:
The price has dropped below MA(7) and MA(25) โ short-term weakness.
MA(99) from above acts as strong dynamic resistance.
Volumes are decreasing โ the buyer is currently inactive.
Support: $85,800โ$86,200.
Resistance: $87,100โ$87,500.
๐ Conclusion:
BTC is in a correction phase after the rise. Without a return above $87.5K, recovery looks unlikely.๐๐๐
$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)