$BTC FACES ITS BIGGEST TEST AT $61K SUPPORT LEVEL đ„
Bitcoinâs bounce from $57k to $62,700 has improved short-term sentiment, but the real test comes on the next pullback. Daily structure remains bearish with lower highs, yet the 4H shows higher lows. Analyst Ardi highlights that a successful defense of $61k would create a higher low above $58k, breaking the bearish sequence. That moment will either confirm a structural shift or extend the downtrend. Resistance sits at $63k-$64k with a target zone of $66k-$67k beyond that.
The next retracement will tell us if buyers have strength. Are you waiting for that retest or adding now?
Not financial advice. Always manage your risk.
#BTC #SupportTest #MarketStructure #CryptoAnalysis
đ„
Bitcoinâs bounce from $57k to $62,700 has improved short-term sentiment, but the real test comes on the next pullback. Daily structure remains bearish with lower highs, yet the 4H shows higher lows. Analyst Ardi highlights that a successful defense of $61k would create a higher low above $58k, breaking the bearish sequence. That moment will either confirm a structural shift or extend the downtrend. Resistance sits at $63k-$64k with a target zone of $66k-$67k beyond that.
The next retracement will tell us if buyers have strength. Are you waiting for that retest or adding now?
Not financial advice. Always manage your risk.
#BTC #SupportTest #MarketStructure #CryptoAnalysis
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