[BTC/USDT Market Update]
Price: $76,049.84
Change: -5.36% (24h)
24h High: $80,428 | 24h Low: $74,620
Volume (24h): 39,489 BTC | $3.08B USDT
Bitcoin has seen a sharp pullback of over 5% in the last 24 hours, dipping below short-term moving averages (MA7 & MA25), with a current key support at $74,508.
Bearish Momentum Building:
MA(7): $78,498
MA(25): $82,016
Volume spike on red candles indicates selling pressure.
Order book shows 97% sell dominance – clear short-term bearish sentiment.
Performance:
7 Days: -10.63%
30 Days: -8.04%
90 Days: -19.31%
180 Days: +27.88%
Key Observation:
Despite the short-term correction, BTC remains up nearly 28% over the past 6 months. Watch for a potential bounce at the $74.5k zone or deeper retracement if bears maintain control.
What’s your next move? Buying the dip or waiting for more confirmation?
