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Current Market Situation:
The current price of Bitcoin is approximately $79,809, indicating an increase of +1.05% over the last 24 hours.
Key Analysis (1-Day Time Frame):
Demand Zone (Strong Buyer Interest):
$74,457 – $76,000
In this zone, the price has bounced in the past, indicating that buyers are entering the market.
Supply Zone (Strong Seller Presence):
$80,500 – $81,200
This zone is proving to be an obstacle for the price, from where the market tends to turn downwards.
Technical Indicators:
Possible reversal signal with weak momentum in MACD
Increase in volume near the demand zone, indicating market interest.
Trading Advice:
If the price breaks above $81,200, it could be a bullish signal.
However, if it goes below $74,457, the market may decline further.