$BTC In simple words, the chart is currently Bearish (leaning toward a price drop).
Here is the breakdown of why:
1. Sellers are in control
$BTC The last few big candles are red, and the green "recovery" candles are very small. This means sellers are pushing the price down with more force than buyers are using to push it up.
2. Moving Averages are "Heavy"
The Yellow Line (EMA 7) has crossed below the Pink Line (EMA 25). In trading, this is often a "sell" signal.
The price is currently stuck right on the Purple Line (EMA 99). If the price falls below this line ($91,100), it will likely drop much further.
3. No "Higher Highs"
To be "Bullish" (going up), the price needs to break above the previous peaks. Right now, every time the price tries to go up, it stops at a lower point than before.
Simple Advice:
If you want to Buy: Wait. Don't buy until the price stays above $91,600 for a full hour.
If you are already in: Watch the $90,128 level. If the price goes below that, it is a very bad sign, and the price could crash toward $88,000 or lower.
Current Trend: 📉 Bearish / Sideways
#StrategyBTCPurchase #BTCUpdate