📉SHORT: $BTC (2H)

#BTCUSDT | #BTC | #Bitcoin

Current Price $56743.00

Market Cap $1120.29B

Change 1h -0.21% | 24h +2.85%

Current Indicators:

• RSI: 45 - Neutral 🟠

• MACD: -510 - Bearish 🔴

• EMA: 57228 - Below 🔴

Analysis:

In recent weeks, Bitcoin's price action has been pretty volatile. It initially hit a resistance area and dropped to around $66,200. The price briefly returned to this resistance line but then broke below the $66,200 level. This suggests a potential trend shift and a bearish outlook.

Price Targets:

Looking ahead, if the bearish trend continues, the next key support level to watch is around $59,000 and potentially down to $51,000. Keep an eye out for any signs of reversal or consolidation around these levels to gauge future price movements.