$BTC /USDT Short-Term Analysis: Downtrend or Bounce?
Market Update:
Bitcoin is showing some bearish pressure after failing to hold the $89,500 resistance level. Here is what the chart is telling us right now:
๐ Bearish Signal: We just saw a "Dead Cross" where the MA(7) crossed below the MA(25). This confirms the recent downward momentum.
๐งฑ Key Support: The price is currently hovering around $89,293. If we break below the recent low of $89,080, we could see a deeper slide toward the $88k zone.
๐ Recovery Path: To turn bullish again, BTC needs to reclaim and close above $89,450 with strong volume.
Current Sentiment: Indecision. Sellers are in control of the 3-minute timeframe, but buyers are defending the $89k support floor.
Whatโs your move? Are you buying the dip or waiting for $87k? Let me know below! ๐
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