$BTC is trading under strong bearish pressure after rejecting the intraday high at 64,500.
The market remains bearish in the short term, with sellers firmly in control below the 63,900–64,050 resistance zone while buyers are attempting to defend the 63,300–63,500 support area. A decisive move above resistance could trigger a relief rally, while losing support would likely extend the current decline.
EP
63,500–63,700
TP
TP1 63,900
TP2 64,200
TP3 64,500
SL
63,250
Bitcoin rallied to an intraday high of 64,500 before encountering heavy selling pressure that triggered a sharp decline. The selloff swept liquidity down to 63,316, where buyers stepped in and produced a modest bounce. While the recovery shows some demand, the overall short-term structure remains weak until BTC reclaims key resistance levels. As long as price holds above the 63.3K support zone, a relief move toward higher liquidity remains possible. However, a breakdown below support would increase the probability of another leg lower before buyers regain control.
Let’s go $BTC
The market remains bearish in the short term, with sellers firmly in control below the 63,900–64,050 resistance zone while buyers are attempting to defend the 63,300–63,500 support area. A decisive move above resistance could trigger a relief rally, while losing support would likely extend the current decline.
EP
63,500–63,700
TP
TP1 63,900
TP2 64,200
TP3 64,500
SL
63,250
Bitcoin rallied to an intraday high of 64,500 before encountering heavy selling pressure that triggered a sharp decline. The selloff swept liquidity down to 63,316, where buyers stepped in and produced a modest bounce. While the recovery shows some demand, the overall short-term structure remains weak until BTC reclaims key resistance levels. As long as price holds above the 63.3K support zone, a relief move toward higher liquidity remains possible. However, a breakdown below support would increase the probability of another leg lower before buyers regain control.
Let’s go $BTC