$BTC just rejected $64,425 and is now bleeding under every short-term MA*
$62,365.48 right now, -2.82% today. We ran to $64,425, got slapped, and dumped straight to $62,101. That was the low.
The 4h tells the story. Price is sitting below MA7 $63,098, MA25 $63,748, and Supertrend $64,248.70. Only MA99 $62,080 is holding it up right now. One more red candle and we lose that too.
Volume spiked to 5.87K BTC on the dump, then died to 1.09K. That’s sellers pressing, buyers absent. The green candle before it was a trap.
Bigger picture hurts. 7-day -0.72%, 30-day -2.10%, 90-day -13.89%, 1-year -46.93%. This isn’t a dip buy yet. It’s distribution.
*Main idea*: Reclaim $62,939 with volume and we test $63,473 → $64,007. Lose $62,080 and BTC hunts $61,871 next. Until then, respect the downtrend.
Not advice. Trade the levels, not the hopium.
#BTC #Bitcoin #cryptosignal #Binance #trading
$62,365.48 right now, -2.82% today. We ran to $64,425, got slapped, and dumped straight to $62,101. That was the low.
The 4h tells the story. Price is sitting below MA7 $63,098, MA25 $63,748, and Supertrend $64,248.70. Only MA99 $62,080 is holding it up right now. One more red candle and we lose that too.
Volume spiked to 5.87K BTC on the dump, then died to 1.09K. That’s sellers pressing, buyers absent. The green candle before it was a trap.
Bigger picture hurts. 7-day -0.72%, 30-day -2.10%, 90-day -13.89%, 1-year -46.93%. This isn’t a dip buy yet. It’s distribution.
*Main idea*: Reclaim $62,939 with volume and we test $63,473 → $64,007. Lose $62,080 and BTC hunts $61,871 next. Until then, respect the downtrend.
Not advice. Trade the levels, not the hopium.
#BTC #Bitcoin #cryptosignal #Binance #trading