TRADE SIGNAL UPDATE : $BTC
Bitcoin is trading around $69,200 (down ~2% today), after breaking down from an ascending triangle pattern.
• What happened: Price broke lower out of the triangle → brief bounce → rejected at resistance (long upper wick candle).
• Current status: Sitting in the middle of a weak zone, with bearish momentum.
Likely direction: Downward continuation is favored.
Key downside levels:
• First support: $68,000 – $68,500
• Next: $67,000 – $67,700
• Deeper targets: $65,000 – $66,000 (main), possibly $62,000 – $64,000 if selling picks up.
Bull case (less likely now): Strong move back above $71,000–$72,000 could flip it bullish toward $73k+.
Bottom line: Bias is bearish after the breakdown and rejection. Manage positions carefully tighten stops if holding longs.
