🚨 $BTC Update: The Bears Are Still Running the Show
Today’s BTC move played out almost exactly as expected. Earlier, I was watching for a pullback into the resistance zone, but the bulls never showed enough strength to take control. Every small recovery attempt was quickly met with selling pressure, and price eventually rolled over again.
After the US session opened, BTC dropped sharply toward the 61K area, giving short traders a solid opportunity to lock in profits. Right now, price is hovering around 61,075, and I know many traders are thinking about catching the bottom.
My view? Be careful.
The broader trend still favors the bears, and any short-term bounce could simply be another relief rally before the next leg down. Trying to predict the exact bottom in this environment can be risky.
📌 Key level to watch: $62,400 support 🎯 Major downside target: $60,000 psychological zone
For now, I’m staying disciplined, managing risk, and avoiding oversized positions. If we get a bounce, it may provide an opportunity to take profits or reassess, but risk management remains the priority.
Trade smart, protect your capital, and always use a stop-loss. 📉🔥