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Image 2 shows more recent price recovery - after hitting the low of 74,601.0, there's been a bounce back to 76,482.5, with price crossing above the shorter-term moving averages.
Technical Analysis
Price: ~76,454-76,482 USDT
24h change: Down ~2.08-2.12%
24h range: 74,601.0 (low) to 79,226.1 (high)
MACD Indicator:
Image 1: MACD showing bearish momentum with negative divergence (DIF: -767.9, DEA: -779.0)
Image 2: MACD still bearish but improving (DIF: -148.3, DEA: -306.0), suggesting weakening downward momentum
Volume:
Shows relatively high volume during the selloff
Image 2 shows increased volume during the recent bounce, which could indicate buying interest at lower levels
Market Interpretation
BTC is in a short-term downtrend, but the 15-minute chart reveals a potential short-term reversal attempt from the $74,601 support level. However, price remains below key resistance levels and the longer-term moving averages, so the recovery isn't confirmed yet.#BTCKeyLevelBreak #USGovernmentShutdownRisk