Bitcoin has now lost its trendline support, confirming short-term weakness as price continues to trade lower.
With $64.4k no longer holding, $BTC is currently hovering near $63.5k. Here's the scenario we're watching:
🔹 Retest: A short-term bounce toward the broken trendline around $64.4k.
🔹 Liquidity Sweep: A move into the $62.0k – $62.5k demand area to collect remaining downside liquidity.
🔹 Recovery: If buyers step in, $BTC could rally toward the $66.5k – $67.2k supply zone.
For now, patience is key.
Allow the market to complete its liquidity sweep before looking for long opportunities.
With $64.4k no longer holding, $BTC is currently hovering near $63.5k. Here's the scenario we're watching:
🔹 Retest: A short-term bounce toward the broken trendline around $64.4k.
🔹 Liquidity Sweep: A move into the $62.0k – $62.5k demand area to collect remaining downside liquidity.
🔹 Recovery: If buyers step in, $BTC could rally toward the $66.5k – $67.2k supply zone.
For now, patience is key.
Allow the market to complete its liquidity sweep before looking for long opportunities.