🚨 URGENT $BTC UPDATE 🚨
$BTC is still respecting the bearish structure on the higher timeframes.
The bounce from $57.8K hasn't been convincing. Price has recovered to around $59K, but it's still printing lower highs and lower lows, which means sellers are still in control. Unless BTC reclaims the $60.8K area with strength, this looks more like a relief bounce than a trend reversal.
My Trade Plan 👇
📉 Bias: SHORT
🎯 Entry Zone: $59,000
Mid-term: Above $62,000
Scalp Traders: Above $61,000
Take Profit Targets:
✅ TP1: $58,250
✅ TP2: $57,800
✅ TP3: $57,300
For the mid-term, I still see the possibility of $BTC dropping into the $55K–$56K range. However, don't rule out one more push towards $60.8K before the next leg down if buyers attempt another relief rally.
Mid-Term Targets: 🎯 $56,000 🎯 $55,000
At the moment, I'm not expecting a direct move to $67K this week unless the market structure changes significantly.
$BTC is still respecting the bearish structure on the higher timeframes.
The bounce from $57.8K hasn't been convincing. Price has recovered to around $59K, but it's still printing lower highs and lower lows, which means sellers are still in control. Unless BTC reclaims the $60.8K area with strength, this looks more like a relief bounce than a trend reversal.
My Trade Plan 👇
📉 Bias: SHORT
🎯 Entry Zone: $59,000
Mid-term: Above $62,000
Scalp Traders: Above $61,000
Take Profit Targets:
✅ TP1: $58,250
✅ TP2: $57,800
✅ TP3: $57,300
For the mid-term, I still see the possibility of $BTC dropping into the $55K–$56K range. However, don't rule out one more push towards $60.8K before the next leg down if buyers attempt another relief rally.
Mid-Term Targets: 🎯 $56,000 🎯 $55,000
At the moment, I'm not expecting a direct move to $67K this week unless the market structure changes significantly.