#BTCvsMarkets – Technical Analysis (12h Chart)

BTC/USDT Price: $76,049.84 | 24h Change: -5.36%

Bitcoin is currently facing strong downward pressure, failing to hold above key short-term moving averages:

Key Technical Levels:

MA(7): $78,498

MA(25): $82,016

MA(99): $85,938

Support: $74,508

Resistance: $81,136 / $82,000

Bearish Signals:

Price trading below all major MAs – clear sign of short-term weakness

Strong red candle breakout below $77,465 indicates momentum favoring sellers

Volume spike confirms institutional or whale-driven selling activity

Order book bias: 97% Sell vs 3% Buy – bearish sentiment dominates

Market Outlook:

If BTC fails to hold the $74.5k level, next major support may form near $73.8k–$72k

RSI likely approaching oversold territory, so short-term bounce possible, but trend remains bearish unless price reclaims MA(7) and MA(25)

Conclusion:

BTC is in a corrective phase, and market structure suggests caution. Bulls need to step in fast above $78.5k to regain control. Until then, rallies may face selling pressure.

Watch zone: $74.5k–$78.5k

What’s your move?

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