What's happening with BTc
Youβre looking at the BTC/USDT 15-minute chart on MEXC. Hereβs a clear breakdown of whatβs happening:
**π 1. Market Structure β Short-Term Bearish**
Price: $67,433
24h High: $68,427
24h Low: $67,188
Change: -0.37%
From the chart:
BTC dropped sharply from around $68,245
It made a lower low at $67,188
Since then, itβs moving sideways
π This confirms a short-term downtrend on the 15m timeframe.
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**π 2. Moving Averages (MA)**
Current MA levels:
MA30 β 67,498
MA60 β 67,774
Price β 67,433
**What this tells us:**
* Price is below MA60
* MA lines are sloping downward
* Short MAs are under longer MAs
**β οΈ This shows bearish momentum is still dominant.**
For bullish confirmation, BTC must:
Break above $67,500β$67,800
Close strongly above MA60.
From everything, you have read here, do you think BTC will go back to $90,000 and above this year or which should be expecting the opposite.
