🫧 BTC Technical Analysis.

Currently, the $BTC is moving in a strong bearish trend. However, we can already spot some signs indicating a potential trend reversal at the end of this bearish panic, particularly through:

• The formation of a Sell-off

• A liquidity grab at the supposed last low, located around 60k.

• The formation of a bullish shooting star accompanied by high volume.

We already have some hints of a short-term trend reversal as the overall trend is bearish, and it’s important to note the presence of a major Supply zone around 73k.

From a technical standpoint, for the price to progress towards this Supply zone, it would be preferable to see a solid confirmation candle along with strong volume following the bullish shooting star I mentioned earlier.
Otherwise, it may be tough to see the price reach this zone, and it could get rejected at the resistance levels I marked in red, with their respective price points.

If the price manages to hit the Supply zone, I’ll send an update!

Stay tuned.....

#BTC70K✈️ $BTC
{spot}(BTCUSDT)