BTC 30-Minute Cycle Market Analysis



Currently, BTC is showing a rebound followed by a pullback in the 30-minute cycle, with short-term bearish momentum clearly releasing.

The price quickly retreated from the high of 78,648, with the current price at 77,661, breaking below the MA7 (78,064) short-term moving average, and also touching below the MA25 (77,846) moving average, which has turned downward, forming an initial bearish signal. In terms of volume, during the decline, trading volume has increased, with selling pressure concentrated and released, while buying support is insufficient.

Key support levels are near the MA99 moving average (about 77,637) and the previous low of 77,340. If these cannot hold, it is highly likely to retest the previous low around 76,500. The resistance above is the zone between the MA7 and MA25 moving averages. Only with increased volume and a break back above 78,000 can the current correction pressure be alleviated.
BTC-1,07%
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