The cryptocurrency market is currently focused on the developments of $BTC. At present, $BTC seems to have created a false breakout at the resistance level and is showing signs of rejection at this level. 📉
If a meaningful correction starts from here, it is highly likely that $BTC could return to the support level of $69,000. In this scenario, traders should look for short-selling opportunities when there is clear confirmation. 🎯
There is also a possibility that the downward momentum will start directly from the current rejection area without any significant bullish movement. Keep a close watch on the reactions around this resistance area. 🧐
If trading volume decreases and the market structure starts to break down on lower time frames, the correction could happen quickly. Trade smart, always wait for confirmation, and manage risk well. The next move of #bitcoin will determine the direction of the entire market. 💡
#MetaBuysMoltbook #BTC #Crypto #BinanceSquare #PhanTichKyThuat
If a meaningful correction starts from here, it is highly likely that $BTC could return to the support level of $69,000. In this scenario, traders should look for short-selling opportunities when there is clear confirmation. 🎯
There is also a possibility that the downward momentum will start directly from the current rejection area without any significant bullish movement. Keep a close watch on the reactions around this resistance area. 🧐
If trading volume decreases and the market structure starts to break down on lower time frames, the correction could happen quickly. Trade smart, always wait for confirmation, and manage risk well. The next move of #bitcoin will determine the direction of the entire market. 💡
#MetaBuysMoltbook #BTC #Crypto #BinanceSquare #PhanTichKyThuat