🚨 $BTC Market Report.
$BTC has recovered into a critical resistance area, right where the upper trendline of the rising wedge comes into play. This zone could determine the next major move.
If bulls fail to push through with strong buying volume, another rejection could send Bitcoin back toward key support. A confirmed breakout, however, would shift momentum in favor of the buyers.
📍 Resistance Levels
🔴 63,500–63,800 (most important)
🔴 64,500–64,800
🔴 65,500
📍 Support Levels
🟢 60,600
🟢 58,300–58,800 (falling wedge support)
This isn't the time to chase pump. Wait for confirmation and let the market reveal its direction. The reaction at these levels will likely shape Bitcoin's next short-term trend.
I'm staying bearish and expecting a correction at 63,500- 63,800 zone as a retracement towards the falling wedge support 58,600.
Trade Here 👇🏻
$BTC has recovered into a critical resistance area, right where the upper trendline of the rising wedge comes into play. This zone could determine the next major move.
If bulls fail to push through with strong buying volume, another rejection could send Bitcoin back toward key support. A confirmed breakout, however, would shift momentum in favor of the buyers.
📍 Resistance Levels
🔴 63,500–63,800 (most important)
🔴 64,500–64,800
🔴 65,500
📍 Support Levels
🟢 60,600
🟢 58,300–58,800 (falling wedge support)
This isn't the time to chase pump. Wait for confirmation and let the market reveal its direction. The reaction at these levels will likely shape Bitcoin's next short-term trend.
I'm staying bearish and expecting a correction at 63,500- 63,800 zone as a retracement towards the falling wedge support 58,600.
Trade Here 👇🏻