🟣 Entry Point: Bitcoin recently lost the key support level at $68,800 with a strong bearish candle, signaling sellers’ intent to push the price further down. This break opens an opportunity for a short position.
🟢 Technical Analysis: The $65,000 level stands as an important dynamic support. This level aligns with a trendline connecting two major lows at $49,000 and $52,500. If the price reaches this zone, buyers may temporarily halt the decline. However, if $65,000 breaks with strong selling pressure, Bitcoin may likely target lower levels, indicating a further weakening in the market structure.
🔴 Key Levels:
Entry: After breaking and consolidating below $68,800
First Target: $65,000, as a dynamic support level
Second Target: If $65,000 breaks, there is potential for a move toward lower support levels
🟢 Technical Analysis: The $65,000 level stands as an important dynamic support. This level aligns with a trendline connecting two major lows at $49,000 and $52,500. If the price reaches this zone, buyers may temporarily halt the decline. However, if $65,000 breaks with strong selling pressure, Bitcoin may likely target lower levels, indicating a further weakening in the market structure.
🔴 Key Levels:
Entry: After breaking and consolidating below $68,800
First Target: $65,000, as a dynamic support level
Second Target: If $65,000 breaks, there is potential for a move toward lower support levels
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.