$BTC has dropped below the key $61K level, extending its recent pullback and putting traders on alert as short-term sentiment continues to soften.
Recent price action shows sellers still in control after several failed attempts to hold above support. The decline has also come with rising activity, suggesting participants are actively repositioning rather than staying on the sidelines.
Bitcoin is currently trading around $60,789, with a market cap of about $1.21T and daily volume above $51B.
Zones to watch
Immediate resistance is now between 61K–62K.
A clean move back above this area would ease pressure and could shift short-term momentum back in favor of buyers.
Key support is sitting around the psychological 60K level, which is now the line traders are watching closely.
Momentum
Volume has climbed roughly 23.7% during the sell-off, showing strong participation on the downside.
Market structure stays weak unless BTC reclaims lost ground.
Scenarios
Bullish case (recovery setup):
Reclaim 61K and hold above it as support.
Target 1: 63K
Target 2: 65K–67K
Bearish case:
A break below 60K could speed up downside momentum and trigger another wave of selling.
Overall
$BTC is still leading the market, but losing the 61K level has tilted short-term structure to the downside. The next move will depend on whether buyers can defend the current support zone.
Bias: BEARISH
While the market waits for direction, activity is still active across the $TON ecosystem, where platforms like @STONfi DEX continue to offer liquidity and farming options for users staying engaged during consolidation.