📉 BTC/USDT Analysis – 1H 📉
Bitcoin has experienced a sharp decline, touching critical support in the range of $80,688 - $81,201. The drop has been aggressive and has brought the price down to a low of $79,933, which could be a key point for a possible rebound.
🔹 Key Points:
• Critical support: The green zone is key to defining whether BTC will bounce back or continue its decline.
• Resistances: Important levels to watch at $83,530, $85,121, and $87,216.
• Moving Averages (MA Ribbon): Indicate a strong downtrend, with BTC trading well below them.
🔻 What has caused this decline?
1️⃣ U.S. economic data: The latest employment report and macroeconomic data have generated uncertainty in the markets.
2️⃣ Massive liquidity outflows: Significant sales of BTC have been recorded, possibly by institutions.
3️⃣ Dollar impact: The dollar index (DXY) has shown strength, which typically negatively affects risk assets like Bitcoin.
🔜 Possible scenarios:
✔️ Rebound at support and recovery towards $85K - $87K.
❌ Loss of critical support and drop towards $78K or even $75K.
🚨 Stay alert to the upcoming movements and the price reaction in this key area. What do you think? Rebound or more decline? 🤔💬$BTC $ETH $XRP