๐ BTC/USDT Technical Analysis (Based on Current Charts)
Current Price: ~78,200 USDT
Timeframes Analyzed: 4H & 1D
Overall Bias: Bearish with Short-Term Relief Attempt
๐ Price Action & Trend
Bitcoin has formed a clear lower high โ lower low structure
Strong rejection from 97,900 โ 91,000 zone confirms sellers dominance
Current price is below EMA(7), EMA(25), and EMA(99) on both 4H & 1D
This confirms a strong downtrend on higher timeframe
๐ Trend remains bearish unless key levels are reclaimed.
๐ Key Support & Resistance (From Chart)
๐ข Support Zones
74,600 โ 75,000 USDT โ Major demand zone (recent strong wick & bounce)
72,500 โ 73,000 USDT โ Next downside support if 74.6k breaks
๐ด Resistance Zones
79,500 โ 80,000 USDT โ Immediate resistance (EMA25 area)
83,500 โ 85,000 USDT โ Strong supply + EMA99 zone
๐ Volume Analysis
Heavy volume during red candles โ panic selling confirmed
Recent green candles have lower volume โ weak buying interest
This suggests current move is relief / consolidation, not reversal
๐ Indicator Insight
RSI
RSI ~22โ46 (TF dependent)
Deeply oversold on Daily โ short-term bounce possible
But RSI has not crossed bullishly, so trend reversal not confirmed
MACD
MACD remains below zero line
Histogram still negative โ bearish momentum active
No bullish crossover yet
๐ง Market Sentiment
Sentiment is fear-driven
Buyers are cautious, sellers still control rallies
Institutions likely waiting near stronger demand zones
๐ Outlook
Short-term: Sideways to minor bounce between 75k โ 80k
Bullish confirmation: Daily close above 80,000 โ 82,000 with volume
Bearish continuation: Breakdown below 74,600 may open further downside
โ ๏ธ Risk Disclaimer
This analysis is for educational purposes only.
Crypto markets are highly volatileโalways use proper risk management