$BTC Bitcoin now
💥General trend: Sharp bearish (Bearish) in the short term.
🔥Current price: $68,246.35, down by 3.95%.
💥Technical indicators: The price is trading below the moving averages (MA7, MA25, MA99), confirming strong selling pressure.
💥Nearby support: $67,744 area (the lowest level the price has recently reached). Breaking this level may lead to further declines.
💥Nearby resistance: $68,421 area (7-day moving average), and breaking it is necessary to start price stabilization.
Momentum: We notice long red candles followed by the beginning of a slight sideways fluctuation, indicating the market's attempt to "catch its breath" after the strong decline.
💣🔥Summary: The market is currently in a bearish correction phase. Caution is required until clear signs of a rebound or stability above the $69,000 levels appear.