Is $BITCOIN ($BTC ) Just Seeing a Dead Cat Bounce? đ€
Personally, I donât think this is a dead cat bounce. It looks more like we could be approaching a potential recovery phaseâbut key levels still need to be confirmed.
Levels to watch: đ A strong daily close above $63Kâ$65K would be an encouraging first signal
đ If momentum continues, the next target zone sits around $72Kâ$74K
Current outlook: Right now, Bitcoin seems to be trading within a broad range of $58Kâ$74K, so patience is important while waiting for a clear breakout.
The market structure is still developingâconfirmation will come from how price reacts at these key resistance levels.
#BTC #Binance
Personally, I donât think this is a dead cat bounce. It looks more like we could be approaching a potential recovery phaseâbut key levels still need to be confirmed.
Levels to watch: đ A strong daily close above $63Kâ$65K would be an encouraging first signal
đ If momentum continues, the next target zone sits around $72Kâ$74K
Current outlook: Right now, Bitcoin seems to be trading within a broad range of $58Kâ$74K, so patience is important while waiting for a clear breakout.
The market structure is still developingâconfirmation will come from how price reacts at these key resistance levels.
#BTC #Binance
