📉 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
🔍 Price Action & Trend
Bitcoin has formed a clear lower high – lower low structure
Strong rejection from 97,900 – 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
👉 Trend remains bearish unless key levels are reclaimed.
📊 Key Support & Resistance (From Chart)
🟢 Support Zones
74,600 – 75,000 USDT → Major demand zone (recent strong wick & bounce)
72,500 – 73,000 USDT → Next downside support if 74.6k breaks
🔴 Resistance Zones
79,500 – 80,000 USDT → Immediate resistance (EMA25 area)
83,500 – 85,000 USDT → Strong supply + EMA99 zone
📉 Volume Analysis
Heavy volume during red candles → panic selling confirmed
Recent green candles have lower volume → weak buying interest
This suggests current move is relief / consolidation, not reversal
📐 Indicator Insight
RSI
RSI ~22–46 (TF dependent)
Deeply oversold on Daily → short-term bounce possible
But RSI has not crossed bullishly, so trend reversal not confirmed
MACD
MACD remains below zero line
Histogram still negative → bearish momentum active
No bullish crossover yet
🧠 Market Sentiment
Sentiment is fear-driven
Buyers are cautious, sellers still control rallies
Institutions likely waiting near stronger demand zones
📝 Outlook
Short-term: Sideways to minor bounce between 75k – 80k
Bullish confirmation: Daily close above 80,000 – 82,000 with volume
Bearish continuation: Breakdown below 74,600 may open further downside
⚠️ Risk Disclaimer
This analysis is for educational purposes only.
Crypto markets are highly volatile—always use proper risk management