$BTC USD Senior Analyst Update
• Price/Trend: BTC is trading near $65,850. The 24h trend is down as we have confirmed a breakdown below the previous consolidation range on the 4H chart.
• Levels: Major resistance is now at $67,200 (re-test of breakdown). Primary support holds at $63,600 (S1), followed by $61,500 (S2).
• Sentiment: Short-term BEARISH. Price rejected off the 50 EMA. Wait for a confirmation of a floor at S1 or a push back above R1 before initiating longs. The RSI remains weak at 45.
BTC
80,548.01
-1.40%