Ouch. $BTC just took a massive hit. 📉
Here is a quick breakdown of the $BTC/USDT weekly chart:
* Price Action: Bitcoin has plummeted to $65,786, marking a sharp 7.92% drop in the last 24h.
* The "Death Drop": We’ve sliced clean through the EMA(7), EMA(25), and EMA(99). When price sits below all major moving averages, the momentum is undeniably bearish.
* Support Search: After peaking near $126k, we're seeing a brutal retracement. The 24h low hit $60,000—watch that level closely as psychological support.
Sell pressure is dominating at 80.26%.
The bulls are in hiding. Is this a healthy correction or the start of a longer winter? 🥶
BTCUSDT
Perp
65,840.9
-2.68%