BTC Remains Below Multiple Key Moving Averages

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BTC Remains Below Multiple Key Moving AveragesBitcoin / US DollarCOINBASE:BTCUSDVili_Wealth_PlanFrom a technical perspective, BTC is currently trading below several major moving averages, including: 50-day EMA (approximately $69,106) 100-day EMA (approximately $72,123) 200-day EMA (approximately $77,748). The continued price below these levels indicates that the larger-scale trend remains bearish, and sellers have not completely exited their dominance. This means that even if a short-term rebound occurs, the market needs to break through several resistance levels before it can change the current correction pattern. On the downside, the area around $64,005 remains Bitcoin's first important support level. If this level is broken, the market may face greater downward pressure again, and the current correction may continue to extend.