🚨$BTC /USDT Key Support Under Pressure🩸
Bitcoin has broken below the $62,000 support zone and its short-term ascending trendline, shifting momentum in favor of the bears. Price is currently trading around $59,730 and testing the critical psychological support region near $60,000.
📊 Trade Scenarios
Bearish Retest Setup
Entry Zone: $61,500 - $62,000
A pullback into the former support area could provide an opportunity if resistance is confirmed.
Stop Loss: $62,600
Positioned above the broken support zone.
Downside Focus: Watch for further weakness below $60,000 if sellers maintain control.
Bullish Rebound Setup
Entry Zone: $59,500 - $60,000
A strong defense of the psychological support level could trigger a short-term recovery.
Stop Loss: $59,000
Placed below the key support region.
Recovery Targets
TP1: $62,000 – Previous support turned resistance
TP2: $64,000 – Major resistance area
TP3: $66,000 – Higher timeframe resistance zone
Volatility remains elevated following the recent sell-off. Whether trading the rebound or the bearish continuation, confirmation and disciplined risk management are essential in current market conditions.