$BTC ‌#TrumpAnnouncesNewTariffs

Price: $62,911 (-3.27%)
24h Range: $62,704.7 - $66,604.7
Trend: Downward momentum on 1h timeframe
Technical Indicators
Moving Averages (Bearish Signal)
MA5: $63,629 (above current price)
MA10: $64,151 (above current price)
MA30: $65,056 (above current price)
Price trading below all major MAs indicates bearish pressure
MACD (Bearish)
MACD: -125.9
DIF: -753.6
DEA: -627.7
Negative divergence with histogram showing selling pressure
Volume Analysis
Recent volume spike visible around Feb 23
Current volume declining as price drops
24h Volume: 18.29K BTC
Key Observations
Downtrend: Clear bearish pattern after failing to hold above $68,000
Support Level: Currently testing around $62,700-$62,900 (24h low)
Resistance: Immediate resistance at $64,000-$65,000 zone (MA cluster)
Momentum: All indicators pointing down
Outlook
The chart suggests continued bearish pressure in the short term. Watch for:
Break below $62,700 could lead to further downside
Recovery above $64,000 needed to reverse the bearish setup
MACD divergence shows weakening momentum but no reversal signal yet
This is information only, not financial advice. Markets are highly volatile and can change quickly.