As you can see btc was following a downtrend after 3rd time rejection created massive sell pressure….
Now $BTC bounced back again so teachnically it can touch 65700 level there is another downtrend resistance…. But this time btc is not going to respect that resistance it will break to the upside… because after a massive dump market recovering again this time resistance accuracy goes down…. So now i am bullish on btc
As you can see after a massive pump market has taken a massive correction… now mira is holding ema ribbon 15m support that a zigzag dump so that i am expecting another bullish reversal…
As you can see in daily timeframe market still following a downtrend… now market got a rejection from it’s downtrending resistance line… last 2 daily candle showing massive sellers interest so that i am expecting massive another 2 rad candle
In shorter timeframe i can see .0014 level is a importent zone for sellers…
$BTC is looking technically bearish in the short term.
As you can see on the chart, the market is taking liquidity from long traders on the lower timeframes. This type of liquidity grab is often followed by a corrective move before the next major trend begins.
To me, the market is due for a healthy correction, and that’s why I’m expecting $BTC to revisit the $63,000 level once again.
I’ll be watching that area closely because it could become an important reaction zone for the next move.
Until then, stay patient, manage your risk properly, and don’t let emotions control your trades.