๐ Bitcoin's Short-Term Drop Unfolding ๐
As predicted, Bitcoin ($BTC) is experiencing a short-term drop, with a sharp rejection from $82,466 and current trading near $79,240. The weak bounce and lower highs indicate the bulls are losing grip, while momentum indicators signal further downside.
Key Levels to Watch
- 24h High: $83,588
- 24h Low: $78,464
- RSI: 30.50 and dropping
Technical Indicators
- StochRSI: Still in oversold territory
- Recovery Attempt: Weak, lacking strong follow-through
- Momentum: Remains bearish for now
What's Next?
If $78,400 fails to hold, expect increased sell pressure toward lower support zones. Keep a close watch, as BTC might not be done bleeding yet.$
