Bitcoin Price Faces Increased Selling Pressure

Today, Bitcoin continues to experience downward pressure, trading around the $81,500 level after breaking the recent short-term bullish support. Technically, BTC confirmed bearish momentum as it broke below key EMAs (EMA34, EMA89) and is currently poised for a deeper correction towards the crucial support zone around $78,400 - $80,000.

In the short term, Bitcoin might see a slight rebound towards the resistance area of $84,000 - $86,000 before resuming its downtrend. Selling pressure remains dominant, and investors should exercise caution and wait for clearer signals before entering new positions.

Wishing you a successful and safe trading session!