BTC continues showing a bearish market structure on the daily timeframe, with sellers still controlling momentum.
📊 Key Levels To Watch:
🔴 Resistance Zones:
• 70,111
• 72,512
🎯 Downside Targets:
• 67,000
• 65,000
The preferred setup remains waiting for a rejection from resistance before looking for downside continuation. A strong rejection candle or bearish engulfing pattern near resistance could provide confirmation.
🟢 Bullish Invalidation:
A strong daily close above 72,512, and especially above 74,198 with convincing volume, would weaken the bearish outlook and suggest a potential trend reversal.
⚠️ For now, the trend remains bearish until proven otherwise.
📊 Key Levels To Watch:
🔴 Resistance Zones:
• 70,111
• 72,512
🎯 Downside Targets:
• 67,000
• 65,000
The preferred setup remains waiting for a rejection from resistance before looking for downside continuation. A strong rejection candle or bearish engulfing pattern near resistance could provide confirmation.
🟢 Bullish Invalidation:
A strong daily close above 72,512, and especially above 74,198 with convincing volume, would weaken the bearish outlook and suggest a potential trend reversal.
⚠️ For now, the trend remains bearish until proven otherwise.
Fastest market updates & analysis: t.me/TFX_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Fastest market updates & analysis: t.me/TFX_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.