🔥 Bitcoin declines for fourth consecutive session, falls below $80,000 — Bitcoin falling below $80K for a fourth straight session is the direct price-action story driving the market right now
Bhai, seeing Bitcoin’s condition makes it seem like the market also turned bearish on Monday — a decline for the fourth straight session, and price has come below $80,000. This matters because $80K was the psychological level where every dip had buyers, and breaking it has made sentiment a bit heavy.
Now, talking charts: price is at $77,258, slightly above the pivot $77,202—meaning the fight is currently happening in a tight zone. Below, support is around $76,676 and $76,623—if it holds, a bounce is possible. On the upside, resistance is $77,548 and then $80,559. RSI is at 32, which is near oversold, but MACD is still bearish. EMA20/50/200 are all sloping downward, and volume is only 0.49x the average—so it doesn’t look like panic selling, just that buyers have disappeared. OBV is down, so smart money seems to be waiting for now.
I think support at $76,600 is the decider—if it holds, a relief rally; if it breaks, the door to $75K opens. What’s your call—bounce or more drop? Comment below.
#Trading #Binance #Bitcoin #Crypto #MarketAnalysis
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Disclaimer: My personal analysis, not financial advice. DYOR.
Bhai, seeing Bitcoin’s condition makes it seem like the market also turned bearish on Monday — a decline for the fourth straight session, and price has come below $80,000. This matters because $80K was the psychological level where every dip had buyers, and breaking it has made sentiment a bit heavy.
Now, talking charts: price is at $77,258, slightly above the pivot $77,202—meaning the fight is currently happening in a tight zone. Below, support is around $76,676 and $76,623—if it holds, a bounce is possible. On the upside, resistance is $77,548 and then $80,559. RSI is at 32, which is near oversold, but MACD is still bearish. EMA20/50/200 are all sloping downward, and volume is only 0.49x the average—so it doesn’t look like panic selling, just that buyers have disappeared. OBV is down, so smart money seems to be waiting for now.
I think support at $76,600 is the decider—if it holds, a relief rally; if it breaks, the door to $75K opens. What’s your call—bounce or more drop? Comment below.
#Trading #Binance #Bitcoin #Crypto #MarketAnalysis
--
Disclaimer: My personal analysis, not financial advice. DYOR.
