#ShareYourThoughtOnBTC If it's bearish - here's what to watch:
If today flips bearish, BTC would lose that $64k level again.
Bearish signs today:
• Rejection at $65,058 high, couldn't hold • Volume dropping after yesterday's rally • Still down a lot from ATH
What happens if bearish:
1. First support: $63,979 (today's low) 2. Then $62.5k - $61.8k - that's where it bounced yesterday 3. If that breaks, we could re-test $60k
But right now it's not strongly bearish, it's more like bullish recovery inside a bigger downtrend. Last week was bearish, yesterday + today is trying to recover.
If today flips bearish, BTC would lose that $64k level again.
Bearish signs today:
• Rejection at $65,058 high, couldn't hold • Volume dropping after yesterday's rally • Still down a lot from ATH
What happens if bearish:
1. First support: $63,979 (today's low) 2. Then $62.5k - $61.8k - that's where it bounced yesterday 3. If that breaks, we could re-test $60k
But right now it's not strongly bearish, it's more like bullish recovery inside a bigger downtrend. Last week was bearish, yesterday + today is trying to recover.