BTC / USDT - 78,440.3 -1.54%

Live Data: 78,440.3 | 24h High 79,692.2 / Low 78,363.4 / Vol 4.43K BTC / Turnover 350.44M | EMA5:78,913.5 EMA10:79,179.6 EMA30:79,333.3 | MFI:22.8 | Today -1.01% / 7d +1.28% / 30d +20.42% / 1y -29.94%

1. WHAT IS THE PROJECT?

Bitcoin - Digital gold itself.

The first and largest cryptocurrency with 21 million supply, decentralized. Layer1, NO.1 Market Cap. Seen as a hedge against inflation and a digital store of value. The leader that determines the direction of the entire market.

2. WHAT IS ON THE CHART?

There is a very clear correction. On Sept 3 it made a bottom at 76,257.6, same day spiked to 82,278.2 top +7.9%. After that top selling came and now pulled back to 78,440.3.

EMAs 78,913.5 / 79,179.6 / 79,333.3 are all above price, so short-term pressure exists. MFI 22.8 is very close to oversold, money outflow may be at its end.

Support: 78,363.4 - 78,204.9 first holding zone. If broken, 77,461.7 and main bottom 76,257.6.

Resistance: 79,267.8 and 80,425.6 first barrier, above 82,278.2 top.

Summary: BTC is cooling after 82,278.2. The 78,400 zone is critical. If it holds, 80,425.6 will be retested. As long as 76,257.6 holds, mid-term structure is positive, 7d +1.28% and 30d +20.42% shows it.

Not Financial Advice.