$BTC was rejected around $65.5K and then broke down from the rising channel. Since that rejection, the 4H structure has produced lower highs and lower lows, which is bearish.
Right now price is sitting around $63K, just below your yellow resistance around $63.2K.
Bearish scenario:
If $BTC fails to reclaim $63.2K–$63.4K and breaks $62.4K, the next important area is $62.2K. A decisive 4H close below $62.2K could open the way toward $61K–$60K.
#bitcion #BitcoinDunyamiz #BTC #BitcoinETFs
Right now price is sitting around $63K, just below your yellow resistance around $63.2K.
Bearish scenario:
If $BTC fails to reclaim $63.2K–$63.4K and breaks $62.4K, the next important area is $62.2K. A decisive 4H close below $62.2K could open the way toward $61K–$60K.
#bitcion #BitcoinDunyamiz #BTC #BitcoinETFs