\$BTC

The MACD’s Pivotal Moment

BTCUSDT

Perp

114,827

+1.68%

On the weekly timeframe, the MACD is showing a crucial setup for \$BTC. The DIF (fast) line, now at 7,430, is sitting just above the DEA (slow) line at 6,709. This tight gap suggests that if selling continues, a bearish crossover is very likely. Such a move on the weekly chart would be a strong technical signal, pointing to a major drop in bullish strength.

Price action on the weekly chart shows \$BTC was clearly rejected at the \$123,300 zone. After hitting this local peak, the market couldn’t maintain upward momentum, leading to the current decline. This rejection is the main factor bringing the MACD lines dangerously close to a bearish crossover, putting all traders on alert.