📉 **BTC/USDT 4H – Breakdown & Key Levels**
Bitcoin has **broken down from a prolonged consolidation range** (blue zone), failing to reclaim the key resistance at **~$96,858**. The rejection from the **200 EMA (blue)** confirmed bearish momentum, leading to a sharp decline.
🔹 **Support Levels:**
- **$82,222** (recent low) – Held briefly.
- **$78,000 - 80,000** (thick blue line) – Major support area from historical price action and VWAP levels.
🔹 **Bearish Case:**
- Breakdown from $82,222 could open the door to **$78K-$80K**.
- Volume is increasing on the dump, confirming strong selling pressure.
🔹 **Bullish Case:**
- Bulls need to reclaim **$91,800+** for a reversal.
- A bounce from $78K-$80K could trigger a relief rally.
⚠️ **Watch for reactions at the next support level!**
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.