๐จ BTCUSD Levels to Watch โ Big Move or Sideways Correction Incoming! ๐จ
#BTCUSDT. #BTCUSD #BTC #Write2Earn #BinanceSquareFamily
๐ Current BTC Price : $96,100 (-1.77%)
๐ Key Fibonacci Levels :
๐น 23.6% Retracement - BTC hovering around this level.
๐น 38.2% & 50% Retracements - Next downside targets if support fails.
๐น Golden Pocket (61.8%) - Major support at ~$74,000-$72,000.
๐ Market Structure & Indicators :
โ Bearish Signals - WMA crossover below SMA on multiple timeframes.
โ RSI Divergence - Bearish divergence, indicating weakening momentum.
โ MACD Cross - Confirming a classic bearish trend.
๐ Resistance & Support Levels :
Resistance : $97,044, $96,594, $95,546
Support : $86,635, $82,000, $79,432, $74,000, $72,230
โ ๏ธ Whatโs Next? Bullish or Sideways?
BTC struggles to break higher, indicating a potential deep correction or sideways accumulation before the next move. A break below $93,700 could accelerate the fall to $89K or even $73K.
๐ฐ Pro-Tip for Investors :
๐ No ATH (All-Time High) anytime soonโthis correction needs to stabilize first.
๐ Leverage traders, stay cautiousโhigh volatility ahead.
๐ฎ Conclusion & Advice :
BTC is at a make-or-break levelโexpect either a strong pullback or a slow consolidation phase. Stay patient, trade wisely, and protect capital! ๐