ℹ️🤔Weakening Bullish Momentum: BTC Tests Key Levels, Correction Risk Down to $87 000
On the daily BTC/USDT chart, momentum has been lost after the recent rally. The price is consolidating below the psychological mark at $94 000, and current levels and indicators are signaling a possible shift in the short-term trend.
Key chart observations:
1. Price and Structure: After reaching a high around $94 189.8, the asset faced selling pressure and pulled back to $92 303.4. Notably, local lows are getting lower, which may indicate weakening bulls.
2. Critical Support Level: The most significant zone i
On the daily BTC/USDT chart, momentum has been lost after the recent rally. The price is consolidating below the psychological mark at $94 000, and current levels and indicators are signaling a possible shift in the short-term trend.
Key chart observations:
1. Price and Structure: After reaching a high around $94 189.8, the asset faced selling pressure and pulled back to $92 303.4. Notably, local lows are getting lower, which may indicate weakening bulls.
2. Critical Support Level: The most significant zone i
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