Deeper Slide? 📉
Bitcoin is currently cooling off after hitting the $78.3k resistance. We’re seeing a 2% dip, with the price hovering around $76.2k.
Key Takeaways:
• The RSI (34) is approaching the oversold territory, suggesting that the selling pressure might exhaustion soon.
• MACD is still showing bearish momentum, so I wouldn’t jump in blindly just yet.
• Watch for Support: If we hold the $75.7k level, we could see a quick bounce back toward $77k. A break below that might lead us to test the $74.5k zone.
I’m personally staying patient and waiting for a solid reversal signal on the 1H timeframe before scaling back in.
What’s your move? Buying the dip or waiting for $74k? Let me know below! 👇
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