#BTC

$BTC Recent trends show a pattern of high volatility followed by a decline. In early 2025, it briefly surged above $109,000, setting a new historical high, but subsequently, influenced by the drop in U.S. stocks and increased market volatility, the price gradually retreated to around $83,000. As of March 18, it is seeking support in the $78,000-$85,000 range, with the key support level at $79,000 not being effectively breached, indicating that the bulls still have defensive strength.

Technically, the daily moving average system is weakening, and the short-term trend is slightly bearish, but the hourly chart shows that selling pressure is easing, and buying interest has not yet been clearly activated. Market sentiment is tending towards a wait-and-see approach; if $BTC can hold above $82,000, it is expected to rebound and challenge the resistance at $92,000; if it breaks below $78,000, the support below looks towards the $65,000-$70,000 range. Overall, the short-term game between bulls and bears for $BTC is intensifying, and attention should be paid to the movements of U.S. stocks and macroeconomic trends.