Bitcoin is currently testing the critical 81,000 psychological support. After a rejection at the 81,600 resistance, we are seeing a shift in short-term momentum.
Analysis: High selling volume at the tail end suggests a battle for liquidity. If 81k holds, expect a bounce; if it breaks, we look for a deeper correction.
Current Sentiment: Short-term Bearish / Long-term Consolidating.
Seven percent up, price sitting above both MA7 and MA30. MA200 far below – heavy uptrend structure. Consolidation between 2.500 and 2.889. Momentum calm but bullish. A clean break of 2.889 opens the door to 3.10.
Eight and a half percent up, holding above all major MAs. Price flirting with MA7 support – tight range between 0.1260 and 0.1330. Momentum still bullish, but volume needed to clear the highs.
Eleven percent up, now cooling under MA7. Still above MA30 and MA200 – structure stays bullish. Consolidation between 0.3430 and 0.3760. Momentum steady, needs a clean reclaim of 0.3585 to fire.
Venice Token cooling after the run. Price hugs MA7, sits above MA30 and MA200 – trend remains bullish. Consolidation range: 11.80 to 13.20. Momentum steady, but a close above 13.20 triggers the next leg.
30% rip then rejection at 1.04. Price now trading below MA7 but holding above MA30 and MA200 – uptrend still alive. Consolidation between 0.87 and 1.04. Momentum fading, but a clean reclaim of 1.04 sends it to local highs.