Market Update 📉
$BTC Bitcoin closed below $60K yesterday for the first time, confirming a lower low and lower high since the $126K peak. From a technical perspective, the market structure remains bearish.
As discussed throughout this downtrend, the strategy hasn’t changed: expect further downside until the trend shifts. That doesn’t mean there won’t be relief rallies—there have been several tradable bounces along the way.
Current Outlook:
* Watch today’s daily candle closely.
* A close back above $60K, and ideally above $61K, could trigger a short-term relief rally.
* Until then, the market offers little reason to call a Bitcoin bottom.
Stay patient. Follow the trend, not the emotions.
Not financial advice.
$BTC Bitcoin closed below $60K yesterday for the first time, confirming a lower low and lower high since the $126K peak. From a technical perspective, the market structure remains bearish.
As discussed throughout this downtrend, the strategy hasn’t changed: expect further downside until the trend shifts. That doesn’t mean there won’t be relief rallies—there have been several tradable bounces along the way.
Current Outlook:
* Watch today’s daily candle closely.
* A close back above $60K, and ideally above $61K, could trigger a short-term relief rally.
* Until then, the market offers little reason to call a Bitcoin bottom.
Stay patient. Follow the trend, not the emotions.
Not financial advice.