Here’s the thing, $BTC 🔻is still not showing any convincing signs of a proper recovery. 👀📉
Looking at the daily chart, I'm still leaning towards the bearish side. #Bitcoin already lost an important support area around $80K–$82K, and the recent bounce was looking like a recovery attempt. But guess what? Price got rejected almost immediately after reaching that same zone.
This is something worth watching. A level which was previously supporting the price is now turning into a resistance area. And sellers seems to be taking advantage of every small bounce
If #BTC continues trading below this region, I wouldn't be surprised to see another downside move in the coming days. Buyers are struggling to push price higher, while the lower-high structure is still clearly visible.
My next major downside area is around $67,000. 🎯
Of course, BTC can still surprise us with a sudden recovery. If buyers manage to reclaim $82K and hold above it, this bearish idea could start losing strength.
But until that happens, I'm not rushing to call a bottom. Another leg down is still very much possible.
Let's see how this plays out. Bitcoin still has something to prove! ⚠️
Looking at the daily chart, I'm still leaning towards the bearish side. #Bitcoin already lost an important support area around $80K–$82K, and the recent bounce was looking like a recovery attempt. But guess what? Price got rejected almost immediately after reaching that same zone.
This is something worth watching. A level which was previously supporting the price is now turning into a resistance area. And sellers seems to be taking advantage of every small bounce
If #BTC continues trading below this region, I wouldn't be surprised to see another downside move in the coming days. Buyers are struggling to push price higher, while the lower-high structure is still clearly visible.
My next major downside area is around $67,000. 🎯
Of course, BTC can still surprise us with a sudden recovery. If buyers manage to reclaim $82K and hold above it, this bearish idea could start losing strength.
But until that happens, I'm not rushing to call a bottom. Another leg down is still very much possible.
Let's see how this plays out. Bitcoin still has something to prove! ⚠️
