Bitcoin Slips Below Key Moving Averages – Short-Term Caution Warranted 📉

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Bitcoin has struggled to hold gains above the $115,716 resistance level, with price action now trading beneath both the 7-period and 25-period moving averages. This technical deterioration signals emerging weakness on shorter timeframes, as bullish momentum shows signs of exhaustion and selling pressure intensifies notably.

Immediate Trading Landscape

The 15-minute chart presents a bearish setup for swing traders monitoring downside opportunities:

  • Entry Zone: $115,100 – $115,300
  • First Target: $114,400
  • Second Target: $113,900
  • Stop Loss Level: $115,750

Technical Support & Risk Assessment

The critical support level to monitor sits at the 99-period moving average, currently trading near $114,254. A breakdown below this dynamic support could unleash accelerated selling pressure toward the $113.9K zone. Momentum indicators are flashing caution signals, suggesting aggressive accumulation among bears.

For traders holding long positions, timing remains tricky — the risk-reward setup increasingly favors cautious positioning until clearer directional confirmation emerges on higher timeframes.

#BTC #Bitcoin #CryptoTrading #TechnicalAnalysis

BTC-0,14%
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