Looking at the BTC/USDT chart, the price has broken below all major EMAs (5, 10, 20, 60) and is trading around $67 895.
· EMA5 ($70 469) has become resistance. · The lower Bollinger Band ($65 499) is a key support level. · MACD is negative, the histogram is in the red, confirming a bearish momentum. · RSI(6) = 30 — oversold zone, but not yet extreme.
🎯 Key levels to watch
✅ Support:
1. $65 499 (LB of Bollinger — a break below could accelerate the decline. 2. )980 $59 previous low on the chart(. 3. )000 $49 global low on the chart, "fear" target(.
✅ Resistance:
1. )469 $70 EMA5(. 2. )575 $74 EMA10(. 3. )305 $82 middle line of Bollinger(.
📌 Short-term scenarios
🔻 Bearish scenario with higher probability):
· A daily candle close below (499 could open the way to )980 → $65 000. · High selling volume and negative MACD reinforce pressure.
⬆️ Reversal opportunity $59 if support holds$49 :
· RSI(6) ≈ 30 may trigger a local bounce to (469 )EMA5$70 . · A trend change requires an impulse above (575 )EMA10$74 and increased volume.
💎 Conclusion:
Bitcoin is under pressure. There is a chance to test $49k–52k, but everything will be decided around (500.
· If we lose $65.5k — prepare for a deeper correction. · If we bounce off support — consolidation in the range of $65.5–70.5k is possible.
Indicators )MACD, RSI, EMA$65 show a bearish bias, but oversold conditions could lead to a short-term rebound.
📊 Trade carefully, stop-loss is a must. ⚠️ This post is not a trading signal; conduct your own analysis.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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Ryakpanda
· 2h ago
Just go for it💪
View OriginalReply0
MupyMup_R15
· 2h ago
Hold tight 💪
View OriginalReply0
jOnEy
· 2h ago
I'm waiting below 49k because we were already in a downtrend cycle 😂
📉 Where is Bitcoin right now?
Looking at the BTC/USDT chart, the price has broken below all major EMAs (5, 10, 20, 60) and is trading around $67 895.
· EMA5 ($70 469) has become resistance.
· The lower Bollinger Band ($65 499) is a key support level.
· MACD is negative, the histogram is in the red, confirming a bearish momentum.
· RSI(6) = 30 — oversold zone, but not yet extreme.
🎯 Key levels to watch
✅ Support:
1. $65 499 (LB of Bollinger — a break below could accelerate the decline.
2. )980 $59 previous low on the chart(.
3. )000 $49 global low on the chart, "fear" target(.
✅ Resistance:
1. )469 $70 EMA5(.
2. )575 $74 EMA10(.
3. )305 $82 middle line of Bollinger(.
📌 Short-term scenarios
🔻 Bearish scenario with higher probability):
· A daily candle close below (499 could open the way to )980 → $65 000.
· High selling volume and negative MACD reinforce pressure.
⬆️ Reversal opportunity $59 if support holds$49 :
· RSI(6) ≈ 30 may trigger a local bounce to (469 )EMA5$70 .
· A trend change requires an impulse above (575 )EMA10$74 and increased volume.
💎 Conclusion:
Bitcoin is under pressure. There is a chance to test $49k–52k, but everything will be decided around (500.
· If we lose $65.5k — prepare for a deeper correction.
· If we bounce off support — consolidation in the range of $65.5–70.5k is possible.
Indicators )MACD, RSI, EMA$65 show a bearish bias, but oversold conditions could lead to a short-term rebound.
📊 Trade carefully, stop-loss is a must.
⚠️ This post is not a trading signal; conduct your own analysis.
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$BTC