🚨 $BTC /USDT WARNING: Major Support Test – Bearish Momentum Building! 🚨
#Bitcoin ($BTC ) is down 2.93%, trading at $83,945.63. The price is currently testing the support zone at $83,655.23. A breakdown below this could open the door for more downside action.
Trade Setup – Key Levels to Watch
Long Entry: If BTC holds above $83,945
Targets:
1. $84,500
2. $85,000
Short Entry: If BTC drops below $83,655
Targets:
1. $83,000
2. $82,500
Market Insight
Order Book: 64.83% buyers, indicating the buyers have a slight edge.
MACD: Bearish, suggesting downward momentum is still strong.
Support: $83,655, if broken, expect further downside.
Resistance: $84,000, a break above could set the stage for a rally.
Final Thought: BTC is under pressure and testing critical support at $83,655. Watch for signs of breakdown or bounce to strategize your next move!