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Bitcoin is testing the key ascending trendline around $67,300.
Price recently attempted a push toward the $74K–$76K resistance zone (highlighted in green), but momentum is showing signs of exhaustion.
Two scenarios are emerging:
1️⃣ Bullish Retest → Red Path - If BTC sustains above the current trendline, it could retest $74K–$76K resistance. - This would likely trigger profit-taking from whales, increasing sell-side pressure. - Failure at resistance could lead to a sharp reversal downward.
2️⃣ Bearish Breakdown → White Path - If BTC breaks below the ascending trendline decisively, support at $65K–$66K will be tested. - Loss of this zone could accelerate a dump toward $60K or lower, potentially reaching $58.8K. - Sellers would dominate short-term price action, with stop-loss cascades intensifying volatility.
Watch volume and whale order flows closely—these zones will define the next major leg.
Trend remains fragile; momentum oscillators suggest indecision. Traders should wait for a confirmed break of trendline or resistance for clear direction.
Risk management is essential. This is a high-stakes setup with both bullish and bearish scenarios possible in the coming days. #ADPJobsSurge #Write2Earn