Bitcoin is showing signs of short-term weakness on the daily chart. After testing a key resistance level, the candles are losing bullish momentum. RSI is dipping from overbought territory, and volume is decreasing โ all pointing towards a possible short-term correction ๐
Sentiment in the market is cooling off slightly, and without strong bullish fundamentals, BTC may face a couple of red days ahead. A healthy pullback could provide better entry points for long-term holders ๐
Keep an eye on the support zone near the recent lows to watch for a bounce ๐
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
๐ Daily BTC Chart Update by Blue_Bird ๐
Bitcoin is showing signs of short-term weakness on the daily chart. After testing a key resistance level, the candles are losing bullish momentum. RSI is dipping from overbought territory, and volume is decreasing โ all pointing towards a possible short-term correction ๐
Sentiment in the market is cooling off slightly, and without strong bullish fundamentals, BTC may face a couple of red days ahead. A healthy pullback could provide better entry points for long-term holders ๐
Keep an eye on the support zone near the recent lows to watch for a bounce ๐
โ#Bitcoin #CryptoAnalysis #BTCdaily #Blue_Bird# #GateioInsights