$BTC is still trading under pressure and the bears haven’t really stepped away yet 📉🔥
Price dropped 2.27% in the last 24 hours, falling from a high of $61,931 down to $59,060 before bouncing slightly back toward $60,106. Even with that small rebound, BTC is still sitting in the lower half of the daily range, which tells me sellers are still controlling the structure for now.
What makes this more important is the volume. We’ve got $18.47B+ USDT traded in 24 hours, so this wasn’t just a random weak candle — there was real selling pressure behind it. The rejection from the $61.9K area also confirms that bulls failed to hold the recovery and got pushed back down fast.
Right now the market is basically trying to defend the $59,000–$59,060 support zone, but unless BTC reclaims higher resistance levels, the overall short-term trend still looks bearish. 🐻
📊 Key levels to watch:
• Support: $60,000 – $59,060
• Breakdown support: $59,000 – $58,000
• Resistance: $61,000 – $61,931
• Major resistance: $62,000+
Possible plan 👇
🔴 Short Zone: $61,000 – $61,900
🎯 Target 1: $59,060
🎯 Target 2: $58,000
🎯 Target 3: $57,200
❌ Invalidation / Stop Loss: Above $62,300
As long as
$BTC stays below the $61K–$62K area, I’d still treat this as a bearish structure with relief bounces rather than real strength. Bulls need to reclaim that zone fast, otherwise another flush toward lower support is still on the table.
No financial advice. Manage risk properly.
#BTC #BTCBearish #USPCEInflationHits4.1% #HormuzStraitShips20MBarrelsDaily #TaikoSaysL2IncidentNoUserFundLoss