$BTC Cooling Off After Rejection at 64.7K 📉
BTC is sitting at $62,682 right now, down -0.77% on the day after getting rejected hard from the 24h high of $63,796.
The 4H chart tells the story: a sharp push up into resistance, a hard sell-off down to $62,300, a relief bounce back toward $63,600... and now sellers are back in control, dragging price toward the lows again.
Key levels to watch:
🔴 Resistance: $63,600 – $63,800
🟢 Support: $62,300 (24h low, tested twice)
Bigger picture: 30D is still green (+0.77%), but 90D (-22%) and 180D (-16%) show the broader trend remains heavy. Bulls need a reclaim above $63,600 to shift momentum — until then, this looks like consolidation inside a downtrend.
Volume has faded significantly from the spike earlier in the session, suggesting conviction is thinning on both sides.
Not financial advice, just reading the chart 👀
#BTC #Bitcoin #CryptoTA #BinanceSquare
BTC is sitting at $62,682 right now, down -0.77% on the day after getting rejected hard from the 24h high of $63,796.
The 4H chart tells the story: a sharp push up into resistance, a hard sell-off down to $62,300, a relief bounce back toward $63,600... and now sellers are back in control, dragging price toward the lows again.
Key levels to watch:
🔴 Resistance: $63,600 – $63,800
🟢 Support: $62,300 (24h low, tested twice)
Bigger picture: 30D is still green (+0.77%), but 90D (-22%) and 180D (-16%) show the broader trend remains heavy. Bulls need a reclaim above $63,600 to shift momentum — until then, this looks like consolidation inside a downtrend.
Volume has faded significantly from the spike earlier in the session, suggesting conviction is thinning on both sides.
Not financial advice, just reading the chart 👀
#BTC #Bitcoin #CryptoTA #BinanceSquare