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#BTC Currently, BTC is facing the resistance after a sharp decline but is trying to bounce back. A breakthrough of 82,500 would be a bullish signal, while a failure to hold 79,400 could lead to further decline. Follow the RSI and the MACD to confirm a trend reversal.
BTC recently broke below the 25-day and 99-day moving averages, indicating a bearish trend. The price bounced from the support at 79,400, but it is struggling to break through the key resistance level.
The MACD is still in the negative zone, indicating a continued downtrend. If prices stabilize, the crossover could signal a potential trend reversal.
Support and resistance levels:
Major support level: 77,000
Major resistance levels: 85,500