$BTC Market Update
Bitcoin closed below the $60K level yesterday for the first time, confirming a weaker market structure. From a technical perspective, we've now printed both a lower low and a lower high since the $126K peak, which keeps the overall trend bearish.
As I've mentioned before, while the market remains in a downtrend, the probability of further downside is still higher. That doesn't mean there won't be relief rallies those short-term bounces are part of every bearish trend and can still offer trading opportunities $BTC
Current Outlook:
Today's daily candle is important. If Bitcoin manages to reclaim and close above $60K, and ideally above $61K, we could see some short-term bullish momentum and a relief bounce.
Until then, I'm staying patient. The overall market structure hasn't changed yet, so I'm not calling a Bitcoin bottom at this stage.
Trade smart, manage your risk, and always follow the trend not emotions.
