๐จ BTC Market Update ๐จ
BTC is currently trading at $116,632, showing a slight pullback after hitting todayโs high of $117,630.
๐ On the 15m chart, we can see a downtrend forming as the price slipped from the peak and is now hovering near the 116,600 support zone.
๐ Technical signals:
MA(7) is crossing below MA(25), indicating short-term bearish momentum.
MACD remains in the negative zone, suggesting selling pressure.
RSI(6) at 29 shows BTC is nearing oversold territory โ a bounce could be possible if buyers step in.
๐ If 116,600 support breaks, we might see further downside toward 116,100โ115,700. However, holding above this zone could trigger a short-term rebound.
โก Stay alert โ the next few candles could set the tone for BTCโs next move!
#BTC #CryptoTrading #BitcoinUpdate #BinanceSquareTalks