$BTC
Monday hasn’t even started yet, but Bitcoin is already sitting on a level that could turn the whole week red.
My recent $BTC short is still running in profit, and I’m continuing to hold because the daily structure remains weak.
Price has repeatedly failed inside the 64,000–66,000 resistance zone, and every bounce is getting rejected before buyers can regain control.
Now Bitcoin is hovering near $63,000. If this level breaks with confirmation, selling pressure could accelerate toward $60,000, followed by my main target around $59,600.
I’m not interested in buying this dip while the chart is still forming lower highs and failing to reclaim resistance.
The bulls need to recover $64,000 quickly to weaken this bearish setup. Until then, Monday could begin the next major move down.
My short is already green. Now I’m waiting to see whether the real dump starts when market volume returns.
Monday hasn’t even started yet, but Bitcoin is already sitting on a level that could turn the whole week red.
My recent $BTC short is still running in profit, and I’m continuing to hold because the daily structure remains weak.
Price has repeatedly failed inside the 64,000–66,000 resistance zone, and every bounce is getting rejected before buyers can regain control.
Now Bitcoin is hovering near $63,000. If this level breaks with confirmation, selling pressure could accelerate toward $60,000, followed by my main target around $59,600.
I’m not interested in buying this dip while the chart is still forming lower highs and failing to reclaim resistance.
The bulls need to recover $64,000 quickly to weaken this bearish setup. Until then, Monday could begin the next major move down.
My short is already green. Now I’m waiting to see whether the real dump starts when market volume returns.