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).