$BTC
💰Current price: $81,700
📉Sentiment: Bearish
💜Market fear and greed: 24 points (Extreme fear)
💥Expected volatility: Very High
⚠️Main support: $80,000
🚨Main resistance: $84,600
🗣️Summary of what to expect today: In the last hours, Bitcoin has shown a slight recovery after yesterday's drop. The price has managed to surpass the 0.236 Fibonacci resistance, coinciding with the crossing of the 200-period moving average on the 1-hour chart. For now, the resistances do not seem to exert significant pressure, but be careful as the RSI approaches the overbought zone. If the price fails to surpass $83,500, a hidden bearish divergence could occur. However, if for some reason it surpasses the next resistance at $84,600, it would invalidate that divergence.
According to the analysis presented in yesterday's video, a strong move above $83,000 and the consolidation of this level as support could be interpreted as a first indication of short-term recovery, while the loss of support at $76,500 could lead to bearish continuation.
This week is being very sensitive to any macroeconomic news and what happens with the traditional stock market. For now, the futures of the SP500 and Nasdaq are almost neutral.
💜 Market sentiment: Market sentiment remains stable in extreme fear, at 24 points. There is still no clear recovery in the market.
📈Tradingdifferent map: Looking at the Bitcoin map, we continue to see a large amount of liquidations at the bottom of the chart. The most relevant areas are $75,300 and $74,000.
At the top of the chart, we find that most liquidations are at $82,100 and $84,000.
