BTC/USDT 1DAY CHART UPDATE !!A downward trendline connecting the recent high points indicates bearish pressure.
A horizontal support level around 77,500 USDT shows where the price has struggled to drop.
Current Price:
As of your chart's timestamp, BTC is trading at approximately 79,883.75 USDT.
Potential Movement:
If the price can break above the descending trendline and stay above the support level, there could be potential upward momentum. The upward arrow suggests a bullish outlook.
Key Levels to Watch:
Resistance: Look for resistance at trendline breaks and the next significant levels above the current price (e.g., 82,500 USDT).
Support: The 77,500 USDT level is crucial; a drop below it could signal further downward movement.
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