๐จ๐จ๐จ๐จ๐จBTC๐จ๐จ๐จ๐จ๐จ
Bitcoin remains under strong bearish pressure. Price is trading well below the EMA 7, EMA 25, and EMA 99, confirming a clear downside trend and weak market structure.
๐ป Market Structure
Recent high formed near 90,600
Breakdown followed by consistent lower highs and lower lows
Sharp bearish candles with rising volume indicate distribution and panic selling
๐ Indicator Insight
Bearish EMA alignment shows sellers are firmly in control
RSI is deep in oversold territory, but oversold conditions alone do not signal an immediate reversal
Selling volume continues to dominate, keeping downside risk active
๐ Key Levels to Watch
Immediate support: 77,500 โ 78,000
If this zone fails, next downside targets:
75,800
73,500
Intraday resistance on any relief bounce:
80,300 โ 81,000
Major resistance near 82,600
๐ง Trading Approach
Avoid aggressive buying just because RSI is oversold
Scalps should be limited to small bounces near support with tight risk management
Safer strategy is to wait for a structure shift and EMA reclaim before considering longs
Trend traders should continue to sell pullbacks as long as price stays below EMA 25
โ ๏ธ Final Thought This is an emotionally driven market phase. Discipline matters more than predictions.
Capital preservation is a position too.
