$BTC has encountered significant selling activity within the 1H timeframe, experiencing a decline of almost 10% and breaching several support levels while consistently creating lower highs and lower lows.
The price has cleared liquidity near the 60,000 psychological mark and is now demonstrating a brief upward movement toward the 65,500 region, which serves as immediate resistance.
Should BTC be unable to regain and maintain a position above 66K, this upward movement may simply be a temporary correction prior to further downward movement.
A solid support level above 64K–65K could set the stage for a brief relief rally, but the overall trend still appears to favor sellers.
Trade Setup
Entry: 65,199 – 65,810
Target 1: 64,010
Target 2: 62,700
Target 3: 60,010
Stop Loss: 66,999
BTCUSDT
Διην.
69,414
-1.27%