$BTC
## ๐ BTC/USDT Analysis (4H Timeframe)
Bitcoin is showing a short-term recovery after bouncing from the **$59,130 support zone**. ๐
๐น **Current Price:** $61,778
๐น **Major Support:** $59,100 - $60,000
๐น **Near Resistance:** $62,500
๐น **Next Resistance:** $66,900
๐ Bulls need a strong breakout above **$62.5K** to confirm further upside momentum.
โ ๏ธ As long as BTC remains below the 25 MA, traders should stay cautious and wait for confirmation before entering aggressive long positions.
๐ก My view:
A successful hold above $60K could lead to a move toward $62.5K and potentially higher levels. However, losing the $59K support may trigger another bearish leg.
What's your outlook on Bitcoin this week?
๐ข Bullish
๐ด Bearish