1 day ago
7
Key Takeaways:
- Bitcoin at $73,558, SMA100 at $73,054 held as support yesterday.
- RSI at 35.74, signal at 43.79 – approaching oversold on daily chart
- 0.382 Fib at $74,071 is immediate resistance, 0.236 Fib and SMA50 cluster at $77,220-$77,397
- Binance leads open interest at 302,500 BTC, Bybit second at 230,000 BTC
- Rising OI while price sits at support could amplify next move in either direction
Yesterday’s correction pushed Bitcoin down through the 0.382 Fibonacci level at $74,071 and kept going until it hit the SMA100 at $73,054. That’s where it stopped. The SMA100 has been rising throughout the recovery from the February lows and absorbed the selling. Today Bitcoin is trading at $73,558, attempting to recover back toward the 0.382 Fib level that was lost yesterday.
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