$BTC #WhiteHouseCryptoSummit #USCryproReserve Hey, everybody👋
💸 Bitcoin Multi-Timeframe Update 💸
📊 Let’s take a closer look at Bitcoin’s price action across multiple timeframes, starting from the weekly chart and working our way down.
🔹 On the weekly timeframe, we are seeing a massive bearish crossover in the MACD, which has historically signaled potential downtrends over the coming weeks or months. In line with expectations, this crossover has been playing out for about a month and could continue to unfold over the next few weeks.
🔹 On the 4-day timeframe, the Supertrend indicator is still green, suggesting a larger bullish trend. However, it’s close to flipping red, which could signal a short-term bearish shift.
🔹 On the daily timeframe, Bitcoin is testing critical levels. Support is around $82,500, and resistance sits between $92,000-$98,000. A break below $82,500 could see Bitcoin drop towards the $70,000-$74,000 zone, which was prior resistance-turned-support and shows strong volume. Meanwhile, resistance in the mid-$90K area, particularly around $95,000-$97,000, is backed by high volume and liquidity.
🔸 Weekly Timeframe:
Bearish MACD crossover signals potential continued downside in the coming weeks.
Historically, this pattern leads to a larger downtrend, which could unfold over the next few weeks.
🔸 Daily Timeframe:
Support at ~$82,500, break below could target $70,000-$74,000 (former resistance-turned-support + high volume).
Resistance between $92,000 and $98,000, with key levels around $95,000-$97,000 (high volume + liquidity).
Liquidity above $97,000 could trigger short liquidations if resistance breaks.
🔸 4-Day Timeframe:
Supertrend remains green (bullish), but nearing a flip to red, hinting at a potential short-term bearish shift.#WhiteHouseCryptoSummit #Trump’sExecutiveOrder #MarketPullback