Price is struggling to reclaim the recent highs while sellers continue showing up around the $0.94-$0.98 area. After a move like this, failure to make new highs is usually the first warning sign that momentum is slowing down.
I’m also seeing a descending structure starting to form with lower highs and weaker follow-through on every bounce. Ifstarts losing support around the current area, I think the move toward $0.75 can happen quickly.
For me, the risk/reward now favors the downside. As long asstays below the recent highs, I’m bearish and looking for a deeper correction from here.
Evernorth is moving closer to completing its merger with Armada Acquisition Corp. II and becoming the largest Nasdaq listed company holding an $XRP treasury.
📈 Bitcoin (BTC) is currently trading around $63,500–$63,700 (approximately ₹60–64 lakh per BTC), showing a modest gain over the last 24 hours. � The Economic Times +2 Short-term market view: BTC is holding above the important $63K support zone. � The Economic Times +1 Resistance remains near $65K–$67K; a breakout above this range could improve bullish momentum. � The Economic Times +1 ETF inflows and institutional buying continue to support the market, although overall momentum is still somewhat range-bound. � The Economic Times +1 For traders: 🟢 Bullish above: $65,000 🟡 Neutral range: $63,000–$65,000 🔴 Weakness if BTC falls below: $BTC #IraqOrders5OilFieldsToBoostOutput StrategyReservesExceedDebtBy$48B#IranAnnouncesStraitOfHormuzClosure 63,000