📉 Bitcoin Market Update: Bearish Breakdown Continues
The recent attempted reversal at $73,800 has officially been nullified.
Key Takeaways:
Trend Status: The bearish momentum remains in firm control.
Critical Level: The $73,800 zone, which acted as temporary support, is now being tested as resistance.
Outlook: We are looking for a continuation of the downtrend.
Target 1: $73,500 (Key Support)
Target 2: $73,200 (Extreme Fear Level)
Strategy: My bias remains bearish. I am prioritizing short positions or sitting on the sidelines, waiting for further confirmation before considering any counter-trend reversal trade.
Always manage your risk—this market is moving fast.
Follow CH_7ASSAN for real-time technical updates as this volatility unfolds.
#bitcoin #BTC #cryptotrading #TechnicalAnalysis #MarketUpdate