📊 Bitcoin (BTC) Analysis
🔹 The overall trend remains weak after breaking several key support levels, with selling pressure still in play.
🔹 The $65,000 – $62,000 range is seen as a critical support zone, and holding above it could lead to a price bounce.
🔹 The first key resistance is at $77,700, and breaking through it strengthens the chances of a return to an upward trend.
🔹 As long as there’s no weekly close below $62,000, the recovery hypothesis targeting $92,000 remains valid.
⚠️ Summary: The market is in a phase of testing strong support, and staying above $62,000 is positive in the medium term, while breaking it could open the door for further downside before a new bottom is formed.
This analysis is not a buy or sell recommendation, but rather a technical reading of market possibilities.
✍️ Al Hashmi | AL HASHMI
$BTC
#NEARSurgesAbove3USDT
🔹 The overall trend remains weak after breaking several key support levels, with selling pressure still in play.
🔹 The $65,000 – $62,000 range is seen as a critical support zone, and holding above it could lead to a price bounce.
🔹 The first key resistance is at $77,700, and breaking through it strengthens the chances of a return to an upward trend.
🔹 As long as there’s no weekly close below $62,000, the recovery hypothesis targeting $92,000 remains valid.
⚠️ Summary: The market is in a phase of testing strong support, and staying above $62,000 is positive in the medium term, while breaking it could open the door for further downside before a new bottom is formed.
This analysis is not a buy or sell recommendation, but rather a technical reading of market possibilities.
✍️ Al Hashmi | AL HASHMI
$BTC
#NEARSurgesAbove3USDT