$BTC technical analysis
Technical outlook:
Trend: Bearish (lower highs, lower lows).
RSI: Around 23 – Oversold.
Support: $66,000–$66,700
Resistance: $68,700–$69,200
Next resistance: $71,000–$71,300
Trading scenarios:
Bearish: Break below $66,000 could open downside.
Bullish: Reclaim $69,200 with a strong 4H close could trigger recovery.
My view: Bearish bias. Avoid chasing longs just because RSI is oversold. Wait for confirmation
#TradFiForBeginners #BitcoinCoreDisclosesTorTrafficVulnerability
Technical outlook:
Trend: Bearish (lower highs, lower lows).
RSI: Around 23 – Oversold.
Support: $66,000–$66,700
Resistance: $68,700–$69,200
Next resistance: $71,000–$71,300
Trading scenarios:
Bearish: Break below $66,000 could open downside.
Bullish: Reclaim $69,200 with a strong 4H close could trigger recovery.
My view: Bearish bias. Avoid chasing longs just because RSI is oversold. Wait for confirmation
#TradFiForBeginners #BitcoinCoreDisclosesTorTrafficVulnerability