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$BTC
Bitcoin is trading at 77.024.6 USDT, a slight decrease of 0.55% in the past 24 hours. The price is testing an important support area after a sharp drop from the nearest peak of 82,842 USDT.
The short-term trend leans towards bearish when a strong red candle appears, pushing the price below the short-term MA lines (MA5: 78,564, MA10: 79,726). However, the price is still above MA60 (74.498) and MA120 (73.916), indicating that the medium-term trend has not been completely broken.
Support: 76,587 (bottom 24 hours) → 74,943
Resistance: 78,000 – 79,366 (MA20) → 80,000
Liquidity is still at a good level (VOL ~268 million USDT), but the selling force is dominating. If the area of 76,500 is lost, the possibility of a deeper test of 74,000-73,000 is possible. On the contrary, it is necessary to cross back above 79,000 to confirm the short-term reversal signal.
Conclusion: The market is in a period of technical adjustment. Investors should closely monitor the 76,500-74,900 area to evaluate the next move. High risk, need strict capital management.
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