🚨 🚨 Very Important 🚨🚨
$BTC /USDT 1H Chart Analysis
Current Price: 61,856 USDT
The chart shows a clear rejection from the 64,248–64,711 resistance zone, followed by a breakdown of the ascending trendline. This suggests that bullish momentum has weakened in the short term.
📉 Bearish Signals
Trendline support has been broken.
Price failed to hold above the previous higher-low structure.
Multiple rejections occurred near the 64k resistance area.
Market is currently testing the 61,000–60,550 support zone.
🟢 Bullish Scenario If BTC holds above 61,000 and reclaims 62,400 with strong volume, a move back toward:
64,248 USDT
64,711 USDT could be expected.
🔴 Bearish Scenario If the 60,550 support breaks decisively, sell-side liquidity below becomes the likely target:
59,130 USDT (major liquidity level)
Potential extension toward 58,700 USDT
Key Levels
Resistance:
62,400
64,248
64,711
Support:
60,550
59,130
Overall View
As long as BTC remains below 62,400, the short-term bias remains bearish. The chart suggests a higher probability of price seeking liquidity around 59,130 USDT before any significant bullish continuation.