BTC/USDT 4H โ€“ Breakdown & Key Levels

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๐Ÿ“‰ **BTC/USDT 4H โ€“ Breakdown & Key Levels**

Bitcoin has **broken down from a prolonged consolidation range** (blue zone), failing to reclaim the key resistance at **~$96,858**. The rejection from the **200 EMA (blue)** confirmed bearish momentum, leading to a sharp decline.

๐Ÿ”น **Support Levels:**
- **$82,222** (recent low) โ€“ Held briefly.
- **$78,000 - 80,000** (thick blue line) โ€“ Major support area from historical price action and VWAP levels.

๐Ÿ”น **Bearish Case:**
- Breakdown from $82,222 could open the door to **$78K-$80K**.
- Volume is increasing on the dump, confirming strong selling pressure.

๐Ÿ”น **Bullish Case:**
- Bulls need to reclaim **$91,800+** for a reversal.
- A bounce from $78K-$80K could trigger a relief rally.

โš ๏ธ **Watch for reactions at the next support level!**

Penafian

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