$BTC 📊 MARKET INSIGHT:
$BTC AT KEY H4 RESISTANCE ⚠️
$BTC swept liquidity from $61K back to $64K, trapping both longs and shorts. Short-term momentum improved, but the higher-timeframe trend is still bearish.
🌍 Market Overview
• D1: Trend remains bearish. Current bounce could still be a bull trap unless BTC reclaims major resistance.
• H4: Structure is improving with higher lows, but heavy selling pressure has appeared near resistance.
• Long-term accumulation is reasonable for spot investors, but the macro bear cycle may not be over yet.
🎯 Key Levels
• Resistance: $64K → $67K-$68K
• Support: $62K → $61K
• Major downside: $57K-$57.5K
📋 Trading Plan
🔴 Bias remains SHORT below $64K.
• Look for relief bounces toward $63.4K.
• SL: H4 close above $64K.
• TP: Around $62K.
• Loss of $61K-$62K opens the path toward $57K.
📅 Macro
Markets stay relatively quiet before the upcoming FOMC event. Expect volatility to increase as the week progresses.
⚠️ DISCLAIMER
Not financial advice. Always manage your risk.
🔥 Trade Smart, Stay Disciplined.
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