Based on the 1-hour and 1-minute charts, the movement of Bitcoin (BTC/USDT) is generally in a downward correction phase after dropping from its highest point at $78,420, but it is currently showing an attempt at a short-term technical rebound. This is clearly visible on the 1-minute chart where the price briefly surged and is now consolidating around $77,537, supported by the MACD indicator at the bottom of the screen which is beginning to show a shift in momentum to the positive side. However, since selling pressure still dominates on the 1-hour timeframe, this increase can be considered a temporary bounce that must break through the resistance area of $77,580 to $77,800 to confirm a reversal, or if it fails, #WCTCTradingKingPK the price risks falling back to test the critical support level at $77,214.

BTC-0,29%
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VinoJ17
· 16h ago
Will the price of Bitcoin stabilize and continue to rise amid the U.S. vs. people ceasefire, or will the price plunge far down to the very bottom?
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GateUser-f0d5a2ed
· 16h ago
Do you want to participate using the $50 BTC voucher? By the way, are you going long or short?
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