dilusha thejan
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dilusha thejan
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🚨 BTC Market Update: Defending Critical Support! 📉
Bitcoin (BTC) is currently battling selling pressure, trading around the $64,000 level following recent macroeconomic data and ETF outflows. The market structure is tested.
Technical Analysis (TA):
From a technical perspective, the bulls must defend a crucial region. The immediate $61,000 – $63,500 support zone (Image 1) is now the must-hold area to prevent a deeper correction toward the $55,000 level.
On the upside, $67,500 remains the strong resistance to break for a trend reversal confirmation (Image 2).
Key Trading Levels:
🛑 Key Resistance: $67,500
🟢 Must-Hold Support Zone: $61,000 - $63,500
What's Your Move?
Are you:
🎯 Buying the dip in the support zone?
👀 Waiting for confirmation (break of $67.5k)?
🐻 Bearish below $61k?
Let me know your strategy in the comments! 👇
$BTC
#TeslaLagsSpaceXInIPOWeek
Bitcoin (BTC) is currently battling selling pressure, trading around the $64,000 level following recent macroeconomic data and ETF outflows. The market structure is tested.
Technical Analysis (TA):
From a technical perspective, the bulls must defend a crucial region. The immediate $61,000 – $63,500 support zone (Image 1) is now the must-hold area to prevent a deeper correction toward the $55,000 level.
On the upside, $67,500 remains the strong resistance to break for a trend reversal confirmation (Image 2).
Key Trading Levels:
🛑 Key Resistance: $67,500
🟢 Must-Hold Support Zone: $61,000 - $63,500
What's Your Move?
Are you:
🎯 Buying the dip in the support zone?
👀 Waiting for confirmation (break of $67.5k)?
🐻 Bearish below $61k?
Let me know your strategy in the comments! 👇
$BTC
#TeslaLagsSpaceXInIPOWeek
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