💰$BTC Current Market Structure Bitcoin is currently trading below a key resistance zone, showing short-term bearish pressure. Price action suggests sellers are in control after failing to break the upper resistance. 🔑 Key Price Levels Resistance: $65,000 → Strong selling zone. Multiple rejections indicate weak bullish strength. Immediate Support: $62,000 → Critical level. A breakdown here increases downside risk. Major Support: $60,000 → Psychological and technical support. High probability of bounce if reached. 📊 Indicator Analysis RSI (Relative Strength Index): RSI near 40 Indicates bearish momentum Not oversold yet → downside room still available MACD: Bearish crossover MACD below signal line Momentum favors sellers in the short term Moving Averages: Price trading below short-term moving average Confirms bearish trend continuation 🧠 Market Sentiment Bulls are struggling to regain control Short-term traders are cautious Volume shows weakness on upward moves 📌 Possible Scenarios Bearish Case (More Likely): Break below $62,000 Price may drop toward $60,000 Increased volatility expected Bullish Recovery Case: Strong bounce from $62,000 Break and close above $65,000 Trend reversal confirmation only above resistance#StrategyBTCPurchase #BTC
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