BTCUSDT — Technical Analysis (12H)
$BTC #TrendTradingStrategy #bitcoin
🔍 Overview: Bitcoin (~89,196.8) consolidates its recent drop, remaining below key levels.
1. Trend: The price is trading below the EMA(7) (~89,538.2), the EMA(25) (~91,021.1) and the EMA(99) (~91,734.9). Losing the EMA 99 is an important bearish signal.
2. Resistance: The EMA(7) at $89,538.2 is the immediate dynamic resistance. The cluster of EMAs 25 and 99 around $91,500 is a major resistance.
3. Support: The recent low at $87,205.5 is the critical support that bulls must defend.
4. MACD: The histogram is red, indicating that the momentum remains bearish.
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✅ Conclusion:
$BTC is in a corrective phase. As long as the price stays below the EMA(7) and especially below the EMA(99), the outlook remains bearish with the risk of testing $87k.
📉 #Crypto #AnalisisTecnico #Bitcoin
