BTC Market Analysis – Bearish Pressure Continues!
Bitcoin is struggling around $64,443 as sellers maintain strong control across both the Daily and 4H timeframes.
Key Levels:
- Support 1: $63,944
- Support 2: $63,364
- Resistance 1: $65,916
- Resistance 2: $68,468
- Major Resistance: $71,021
Bearish Scenario:
A 4H close below $63,944 could open the door for another move toward $63,364.
Bullish Scenario:
Holding current support and reclaiming $65,916 could trigger a relief bounce toward $68,468.
My Take:
The overall trend remains bearish. A short-term bounce is possible, but there's no confirmed reversal yet. Watch the key support levels and wait for confirmation before entering.
Stay cautious, manage risk, and avoid FOMO. DYOR. $BTC
#WhoWillSucceedJensenHuangatNvidia? #WhatWillDriveCryptoandStocks’NextRebound? #BitcoinActiveSupplyInProfitDropsBelow45% #KavaSaysAbnormalActivityLimitedToKavaLend #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months
Bitcoin is struggling around $64,443 as sellers maintain strong control across both the Daily and 4H timeframes.
Key Levels:
- Support 1: $63,944
- Support 2: $63,364
- Resistance 1: $65,916
- Resistance 2: $68,468
- Major Resistance: $71,021
Bearish Scenario:
A 4H close below $63,944 could open the door for another move toward $63,364.
Bullish Scenario:
Holding current support and reclaiming $65,916 could trigger a relief bounce toward $68,468.
My Take:
The overall trend remains bearish. A short-term bounce is possible, but there's no confirmed reversal yet. Watch the key support levels and wait for confirmation before entering.
Stay cautious, manage risk, and avoid FOMO. DYOR. $BTC
#WhoWillSucceedJensenHuangatNvidia? #WhatWillDriveCryptoandStocks’NextRebound? #BitcoinActiveSupplyInProfitDropsBelow45% #KavaSaysAbnormalActivityLimitedToKavaLend #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months
