Bitcoin (BTC): Bearish Pressure Mounts Amid Key Support Levels
🔥 Potential Price Targets:
🩸 Near-term Goal: $80,000
🩸 Long-term Goal: $75,000
🔥 FinCaesar's Strategy:
🩸 Short: Below $92,500, targeting $80,000 and $75,000. Bearish MACD and significant selling pressure support downside momentum.
🩸 Long: Above $102,240, aiming for $105,000 and $110,000. A reversal would require strong bullish volume, which remains uncertain.
🔥 FinCaesar's Commands:
🩸 Resistance: $102,240 — The next significant hurdle for bulls to overcome.
🩸 Support: $78,095 — Breaking this could accelerate declines to lower levels.
Bitcoin is trading in a bearish setup, with MACD momentum turning negative and the price struggling to break above the key resistance at $102,240. Sellers are in control, and a breakdown below $78,095 may trigger a deeper selloff.
👑 "In a bearish trend, hesitation can be costly—act with precision." — FinCaesar
🩸 Near-term Goal: $80,000
🩸 Long-term Goal: $75,000
🔥 FinCaesar's Strategy:
🩸 Short: Below $92,500, targeting $80,000 and $75,000. Bearish MACD and significant selling pressure support downside momentum.
🩸 Long: Above $102,240, aiming for $105,000 and $110,000. A reversal would require strong bullish volume, which remains uncertain.
🔥 FinCaesar's Commands:
🩸 Resistance: $102,240 — The next significant hurdle for bulls to overcome.
🩸 Support: $78,095 — Breaking this could accelerate declines to lower levels.
Bitcoin is trading in a bearish setup, with MACD momentum turning negative and the price struggling to break above the key resistance at $102,240. Sellers are in control, and a breakdown below $78,095 may trigger a deeper selloff.
👑 "In a bearish trend, hesitation can be costly—act with precision." — FinCaesar
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