BTC is still in a clear uptrend and is now retesting the freshly reclaimed support around $65K.
If price can hold above this area, another push to the upside into the $68K–$70K region is definitely possible. Today's daily close will therefore be especially important.
If, on the other hand, price breaks back below this key level, I think a larger pullback becomes highly likely, with the $62K–$60K area being the main target, as that's where most of the downside liquidity currently sits.
Personally, I don't think there is much more upside left, which is why I'll mainly be watching for a break of the bullish structure.
If that happens, I'll look for additional confluence to enter a short targeting the $62K–$61K area. #BTC #BTC走势分析
$BTC . Looking at the previous two bear markets there is still a reasonable chance that we haven’t seen the final capitulation yet.
Both the 2018 and 2022 bear markets lasted roughly one year from the cycle top to the eventual bottom.
We are currently only around day 280 which means there could still be close to three months of bearish PA ahead if this cycle follows a similar timeframe.
We have also seen diminishing returns across the past bear markets. BTC dropped around 83% in 2018 and 75% in 2022, while the maximum drawdown this time has only been around 54% so far
That is still over 20% less than what we saw at the 2022 bear market bottom
Of course, I’m aware that a lot has changed since the previous cycle. Institutions now play a much bigger role spot ETFs have changed the market structure, and retail traders no longer have the same impact they once had
But if the bottom is already in we would be looking at a much shorter bear market and a significantly smaller drawdown than in the previous two cyc #BTC走势分析 #BTC
Analysis: The breakdown below 68.6 confirms short-term bearish momentum. Until price reclaims and holds above 68.6 with volume, the path of least resistance remains lower toward 64.5 . A sustained move back above 68.6 would invalidate the immediate bearish structure and open room for a relief rally. Traders should watch this level closely for any signs of reversal or continuation.
Watching this zone closely for the next directional cue. #Crypto #altcoins