#BTCUSDT
*BTCUSDT Perp: $63,889 Rejects $66,974, $60,417 Target*
*Pair*: BTCUSDT Perpetual | *Price*: $63,889.1 | *-0.91%* | *Time*: 04:24 | *Date*: Jun 18, 2026
Chart shows "M" top + sharp drop. Price pumped $65,277 → $66,974 blue zone = supply, then rejected hard. White arrow = dump target $60,417 purple zone = -5.4% from current. $66,974-$66,741 = failed resistance. $63,889 = support test now. Below $63,500 = $62,000 next.
*Key Info*
1. *Pattern*: Double top "M" at $66,974. Neckline $65,277 broken = bearish. Measured move = $66,974 - $65,277 = $1,697 drop = $60,417 target marked. Classic distribution → markdown.
2. *Levels*: $66,974 = supply zone where sellers absorbed buyers. $65,277 = breakdown level. $63,889 = current support. $60,417-$60,356 = purple demand zone = next magnet. $67,689 = invalidation.
3. *Rule*: *M top = sell rallies*. Short $64,100-$64,300 retest, SL $65,000 for $60,417 target = 4R+. Long only if $60,417 holds + bullish reversal. Perp funding + OI spike = drop fuel. Don’t catch falling knife.
*Bottom Line*: BTC made M top at $66,974, now heading to $60,417 per chart target. $63,889 break = $62K → $60.4K. Perp dump = liquidity grab below. Trend down till $60.4K holds.
*Disclaimer*: Educational only. Not financial advice. Chart targets = probability, not guarantee. Perp = high risk. Always use SL + risk 1% max. DYOR.
*BTCUSDT Perp: $63,889 Rejects $66,974, $60,417 Target*
*Pair*: BTCUSDT Perpetual | *Price*: $63,889.1 | *-0.91%* | *Time*: 04:24 | *Date*: Jun 18, 2026
Chart shows "M" top + sharp drop. Price pumped $65,277 → $66,974 blue zone = supply, then rejected hard. White arrow = dump target $60,417 purple zone = -5.4% from current. $66,974-$66,741 = failed resistance. $63,889 = support test now. Below $63,500 = $62,000 next.
*Key Info*
1. *Pattern*: Double top "M" at $66,974. Neckline $65,277 broken = bearish. Measured move = $66,974 - $65,277 = $1,697 drop = $60,417 target marked. Classic distribution → markdown.
2. *Levels*: $66,974 = supply zone where sellers absorbed buyers. $65,277 = breakdown level. $63,889 = current support. $60,417-$60,356 = purple demand zone = next magnet. $67,689 = invalidation.
3. *Rule*: *M top = sell rallies*. Short $64,100-$64,300 retest, SL $65,000 for $60,417 target = 4R+. Long only if $60,417 holds + bullish reversal. Perp funding + OI spike = drop fuel. Don’t catch falling knife.
*Bottom Line*: BTC made M top at $66,974, now heading to $60,417 per chart target. $63,889 break = $62K → $60.4K. Perp dump = liquidity grab below. Trend down till $60.4K holds.
*Disclaimer*: Educational only. Not financial advice. Chart targets = probability, not guarantee. Perp = high risk. Always use SL + risk 1% max. DYOR.