$BTC /USDT – Gate Market Breakdown



$BTC is trading around 85,561, slipping toward its recent low at 85,363 as downside momentum continues to dominate. The chart stays well under all key moving averages, highlighting strong bearish control in the short-term structure.

Support Levels:
• 85,360 – immediate defense zone
• 83,940 – deeper liquidity support

Resistance Levels:
• 88,210 – first recovery wall
• 92,500 – major turnaround barrier

Market Insight:
Bearish pressure is consistent. MACD remains heavily negative and widening, confirming sellers are firmly in charge. Volume spikes on red candles show strong distribution, not accumulation. BTC must regain 88,210 to catch a breath, otherwise sellers keep steering.

Trade Setups:
• Buy Zone: 85,380–85,600 for a controlled rebound attempt
• Sell Zone: 88,150–88,500 for downside continuation plays

Next Move:
A breakdown below 85,360 could open the path toward 83,940, where more liquidity sits. Only a push above 92,500 can neutralize this bearish phase and hint at a mid-term shift.

#TopGainersInADownMarket #FOMCMeetingMinutesComingUp #BitcoinPriceWatch #MySuggestionsforGateSquare #GateChristmasGiveaway
BTC-0.07%
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