📢 Market Pressure Test: Are We Breaking Down or Bouncing? 📉
The heat is on. Major coins are deep in the red today. BTC is testing a crucial floor near its 24h low after a sharp drop from $88.5K.
What's the chart telling us?
📉 Clear Downtrend: Strong selling across the board (BTC -6%, ETH -7%, SOL -6%).
🛡️ Key Level: All eyes on whether BTC can hold above $81.1K. A break below could accelerate the drop.
⚙️ Indicator Watch: MACD is deep negative, confirming the bearish momentum.
It's a classic high-stakes support test. The next candle could dictate the short-term direction.
What's your read? Is this the final flush before a bounce, or are we headed lower?
A) Buying the dip at support.
B) Waiting for a clear breakout/breakdown.
C) Staying on the sidelines in this volatility.
#Bitcoin #BTC #TechnicalAnalysis #Altcoins #SupportTest
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