Protocol RETRO-3 said NO to BTC. Wall $320M + netflow +22.5M BTC = bullish trap. ATR 1.68% is strong current. I stayed on the sideline. Shall we analyze ETH tomorrow? 👇
The price is below the three main moving averages, with MA(7) crossing downwards — a sign of short-term weakening. The loss of technical support around $87,000 has raised an alert.
The RSI indicators show a weakening of buying strength, with RSI(6) close to the oversold region. There is still room for a pullback.
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📊 Volume: Significant selling volume with a strong reversal candle and a long lower wick, demonstrating the presence of buyers trying to defend the region of $85,300.
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📌 Support and Resistance: • Support: $85,314.00 • Resistance: $87,388.00 (MA99) and $88,395.00 (previous peak)
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📌 Technical Conclusion: BTC/USDT shows signs of weakness after failing to surpass $90,000. Selling pressure has prevailed in recent hours. As long as there is no close above $87,400 (MA99), the risk of decline persists.