$BTC

On the hourly chart of #BTC /USDT (1H), the situation looks like this:

๐Ÿ“‰ Overall picture:

#Bitcoin is in a strong correction:

The price went below EMA 50 (81241) and EMA 200 (83644) โ€” this is a sign of a bearish trend.

A strong resistance zone is from 81200 to 84200 USDT (a large cluster on VPVR).

Current price: ~77300 USDT, the lows reached 76666 USDT.

๐Ÿ” Technical indicators:

RSI (14):

Level: 27.16 โ€” oversold zone.

This indicates a possible upward rebound in the short term.

MACD:

The MACD histogram and lines continue to fall.

This indicates bearish dominance, but there is already a slowdown โ€” close to a potential reversal.

OBV (on-balance volume):

Continues to decline โ€” this indicates asset sales and a lack of strong purchases.

๐Ÿงฑ Key levels:

๐Ÿ“‰ Support:

76600โ€“77000 USDT โ€” local bottom. If broken โ€” next support level is around 75000 USDT.

๐Ÿ“ˆ Resistance:

81200โ€“84200 USDT โ€” strong sellers zone. The probability of a quick return there is still low.

๐Ÿ”ฎ What's next?

A short-term upward rebound is possible (RSI is oversold, + candles show a slowdown in the decline).

But the downward trend continues until the price returns above EMA 200 (~83600).

For confident growth, it is necessary to overcome:

81200 (EMA 50)

83600 (EMA 200)

and consolidate above.

โš ๏ธ Bottom line:

It's better not to buy now in hopes of a rebound, until there are clear reversal signals.

There is a chance for a technical rebound to 79,000-80,000, but the main direction is down.

Level 75,000 may be the next stop.