$BTC
PI/USDT chart, highlighting a strong bearish trend. Here's a summary:
*Key Points ๐*
1. *Trend*: Bearish momentum with lower highs and lows, price below key EMAs (5, 10, 20) โฌ๏ธ.
2. *Support & Resistance*: Immediate support at $0.80, resistance at $0.92 and $1.03 (EMA10) ๐ง.
3. *Volume*: Declining volume suggests weakening selling pressure ๐ธ.
*Trading Strategies ๐*
1. *Bullish Scenario*: Price holds above $0.80 and breaks above $0.92-$1.03, potentially signaling a reversal โฌ๏ธ.
2. *Bearish Scenario*: Price breaks below $0.80, potentially leading to further downside toward $0.70-$0.75 โฌ๏ธ.
Please let me know what's your view on this?๐ค๐
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