🔍 Technical Analysis $BTC

1. Current Trend:

• Bearish after rejection at $124,545.6 and break of EMA 7 and EMA 25.

2. Supports and Resistances:

• Support: $117,000 – $116,600.

• Resistance: $118,600 – $119,950.

3. Volume:

• Decreasing after strong selling, indicating possible consolidation before new momentum.

4. MACD:

• In negative zone, with no nearby bullish crossover.

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✅ Conclusion:

• The price could seek a pullback towards EMA 7 to continue the decline, with key support at $117,000.

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