📊 Technical Analysis of BTC – 23 June 2025
🔴 Current Price: ~$99,277
⏳ Timeframe: 1-Hour Candles (Short-Term Trend Analysis)
🧠 1. Price Action & Candlestick Pattern
Strong bearish candle just broke down from a sideways structure
Attempted bounce from $98,708.39, but candle body is still weak = no strength in buyers
Price rejected at ~$100.7K → clear resistance confirmation
🧨 This shows: BTC is in short-term downtrend, not just correction
2. Moving Averages (MA Analysis)
MA 7 $100,089 Above price (Bearish)
MA 50 $102,672 Well above (Bearish)
MA 100 $103,716 Far above (Strong trend down)
📌 Interpretation:
BTC is trading below all key MAs
MA 7 sharply turning down → momentum is bearish
No signs of bullish crossover yet