$BTC continues to face strong selling pressure, as the downtrend that started after the recent highs accelerates.🙏🙏🙏🙏🙏😭😭😭😭😭😭😭😭😭😭😭😭😭

📉 The Current Situation

Bearish Trend: $BTC is currently in a falling trend channel in the short and medium term, indicating increasing pessimism and suggesting further price declines.

Key Support Watch: The market is now closely watching the $80,000 area. A sustained break below this level could open the door to further drops towards lower 2025 support levels.

RSI Oversold: Many short-term indicators show $BTC is technically oversold (RSI below 30). While this points to strong negative momentum, it may also set the stage for a short-term relief bounce.

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BTCUSDT

Perp

87,823.9

-0.09%