BTC is approaching a strong resistance area... wait for confirmation before selling.
๐ After reviewing the latest price action, the overall trend is still bearish despite improving momentum in the short term.
๐น MACD gave a positive signal, and RSI returned near 50, but the price is still below the main moving averages, so a reversal canโt be considered confirmed.
๐ฏ Preferred sell zone: $63,200 โ $63,600
๐ Stop loss: $64,200
๐ฏ Targets: โข $60,500 โข $58,100 โข $55,500 โ $54,700
๐ The identified area is considered a strong Supply Zone, but it is not a confirmed bearish Order Block until a clear rejection signal appears.
โ ๏ธ So far, no BOS (Break of Structure) has formed; the price needs a clear close above 63K to confirm a structural change.
โIn your opinion, will BTC succeed in breaking 63K and changing the trend, or will this area mark the start of a new down wave? ๐
This content is not investment advice โ do your own research
Support us by liking, following, and sharing, and share your opinion in the comments! This helps spread the idea and keeps the content free for everyone
$BTC
๐ After reviewing the latest price action, the overall trend is still bearish despite improving momentum in the short term.
๐น MACD gave a positive signal, and RSI returned near 50, but the price is still below the main moving averages, so a reversal canโt be considered confirmed.
๐ฏ Preferred sell zone: $63,200 โ $63,600
๐ Stop loss: $64,200
๐ฏ Targets: โข $60,500 โข $58,100 โข $55,500 โ $54,700
๐ The identified area is considered a strong Supply Zone, but it is not a confirmed bearish Order Block until a clear rejection signal appears.
โ ๏ธ So far, no BOS (Break of Structure) has formed; the price needs a clear close above 63K to confirm a structural change.
โIn your opinion, will BTC succeed in breaking 63K and changing the trend, or will this area mark the start of a new down wave? ๐
This content is not investment advice โ do your own research
Support us by liking, following, and sharing, and share your opinion in the comments! This helps spread the idea and keeps the content free for everyone
$BTC