๐Ÿ“Š Quick Analysis of BTC on the 4-Hour Chart

Bitcoin is currently trading around 79.6K after a pullback from the 82K zone.

๐Ÿ” Observations:
โ€ข The price is still above the 99 moving average โ†’ the overall trend hasn't broken yet.
โ€ข There's a noticeable weakness in momentum on the short term.
โ€ข The 78.5K area looks like a key support level right now.

๐Ÿ“Œ If we reclaim 80K, we might see another attempt to rally.
However, breaking support could push the price into a deeper correction.

What do you think?
Is BTC gearing up for a bounce or more downside? ๐Ÿ‘€
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