⚠️$BTC 15-Minute Chart Analysis ⚠️
📉 Price Action Analysis : Significant Downtrend
Bitcoin has experienced a sharp sell-off, with a steep decline below $67,000.The price has fallen below the red Cloud, indicating bearish momentum.
💡 $BTC MACD Bearish Crossover :
The MACD is signaling a bearish crossover, with a strong downward slope. The histogram is deeply negative, reflecting intense bearish pressure.
BTC has broken below the Kumo Cloud, indicating a shift in trend from bullish to bearish in the short term. The red cloud represents resistance above the current price, showing a likely continuation of the downtrend unless reversed.
📊 Now wait for perfect entry for long trade because $BTC is oversold now :
Volume Spike: Further selling pressure with increasing volume could confirm the move downward.
Reversal: Watch for any signs of bullish divergence in the MACD
Stay cautious during rapid market movements! 💡 #BTC #bitcoin☀️ #marketanalysis #Bearish #UptoberBTC70K?