Bitcoin holds near $81,600 as daily structure stays neutral but short-term charts turn bearish
- —Daily RSI at 46.1 and a negative MACD histogram keep momentum defensive
- —A daily close above $82,244.28 would shift the setup toward recovery
- —A close below the EMA50 at $80,838.94 would turn the structure decisively bearish
- —Fear & Greed Index at 50; total market cap down 3.04% in 24 hours
Why it matters: Bitcoin is pinned between its daily EMA20 and EMA50, and a break of either level should set the direction for the coming sessions.
Source: The Cryptonomist