$BTC is showing a bearish continuation setup after breaking below important short-term price support.
Sellers currently have the advantage, while buyers need to reclaim the $66,700–$67,000 region to weaken bearish pressure. A recovery into resistance followed by rejection would offer a more realistic short opportunity.
EP: $66,200–$66,700
TP1: $65,200
TP2: $64,000
TP3: $62,800
SL: $67,400
The $66,700 area is an important recovery level, while lower liquidity may attract price if selling continues. Watch for a rejection candle before entering. A sustained move above $67,400 invalidates this setup.
#WhoWillSucceedJensenHuangatNvidia?
#WhatWillDriveCryptoandStocks’NextRebound?
#BitcoinActiveSupplyInProfitDropsBelow45% $BTC
Sellers currently have the advantage, while buyers need to reclaim the $66,700–$67,000 region to weaken bearish pressure. A recovery into resistance followed by rejection would offer a more realistic short opportunity.
EP: $66,200–$66,700
TP1: $65,200
TP2: $64,000
TP3: $62,800
SL: $67,400
The $66,700 area is an important recovery level, while lower liquidity may attract price if selling continues. Watch for a rejection candle before entering. A sustained move above $67,400 invalidates this setup.
#WhoWillSucceedJensenHuangatNvidia?
#WhatWillDriveCryptoandStocks’NextRebound?
#BitcoinActiveSupplyInProfitDropsBelow45% $BTC