Today's Analysis $BTC

Last night's wave of decline tested the strong support at 83300 again, which is still a pretty good situation. The bearish candle from yesterday was very strong in its drop, fortunately, it didn't break down; otherwise, it would have crashed.

Currently, Bitcoin is moving in a range-bound pattern on the one-hour chart, with high shorts and low longs, which has been the version answer for some time. The technical indicator MACD has crossed to a death cross, and it may go down for a bit, but making trades at the current price is very unsafe.

Key focus: Support at 83300 below, resistance at 85500 above.