$BTC

BTC/USDT Technical Analysis (Daily Chart) 📊

Current Price: $82,338.16 💸

24H Change: -4.28% 📉

*Support & Resistance Levels*:

- Support Levels:

- $80,000 (24h low, key psychological level) 💡

- $78,258 (Recent swing low — potential strong support) 🚨

- $76,692 (Next key support if BTC breaks below $78K) 🚨

- Resistance Levels:

- $83,584 (Recent rejection point) 🚫

- $85,201 (EMA 7 — immediate resistance zone) 📊

- $89,817 (EMA 25 — stronger resistance, crucial for bullish recovery) 🚀

*Market Outlook*:

BTC is currently trading below the EMA (7) and EMA (25), indicating short-term bearish momentum 📉. If BTC holds the $80K support, a rebound towards $85K - $89K resistance is possible 🚀. Breaking below $78K could trigger further downside pressure toward the $76K region 🚨.

*Key Watch Points*:

- Volume Analysis: A decline in volume may signal weakening selling pressure 📊.

- EMA Alignment: EMA(7) < EMA(25) < EMA(99) confirms bearish momentum 📉.

If BTC closes below $80K, expect potential downside 🚨. Conversely, a break above $85K may signal bullish recovery 🚀.