$BTC weekly chart shows strong breakdown from distribution range.
RSI extremely oversold → bounce expected but trend still bearish unless major reclaim happens.
Key Levels
• Support: $60K – $62K
• Demand Zone: $55K
• Resistance: $74K – $76K
• Major Resistance: $82K – $85K
Trading Plan
Long Setup (Bounce Trade)
• Entry: $60K – $64K
• TP1: $74K
• TP2: $82K
• SL: Below $58K
Short Setup (Safer Trend Trade)
• Entry: $74K – $76K rejection
• TP: $64K → $60K → $55K
• SL: Above $79K
Outlook:
Market in bearish correction phase — rallies are sell opportunities until $85K reclaim.
⚠️ This is not financial advice. Always use stop loss & proper risk management.
BTC
69,968.47
-0.51%