📊 #BTC Bear Flag Forming? Critical Levels to Watch!
From a structural perspective, Bitcoin ($BTC ) is still locked within a clear downtrend. We are currently facing heavy rejection at the intersection of our blue resistance zone and the dynamic downtrend line.
Be highly cautious about jumping into aggressive longs until these key resistances are formally broken!
➡️ Bullish Target:
Only a clean break and stabilization above 60,800 will trigger strong momentum. If we clear this level, it opens the door for a quick move up to the next major resistance zone between 62,300–63,300.
➡️ Weekend Outlook:
With the weekend here, expect lower trading volumes and choppy action. However, pay close attention to the 58,000–60,800 range. If BTC manages to consolidate sideways within this zone without experiencing a sharp breakdown before Monday, we must prepare for an imminent short squeeze / rebound risk.
🫵 Trade smart and always manage your risk!
🤝 Follow me for daily updates, and I will guide you through these rapid market changes. Don't forget to Like 💖 and Share 💬 this post if it helped you!
From a structural perspective, Bitcoin ($BTC ) is still locked within a clear downtrend. We are currently facing heavy rejection at the intersection of our blue resistance zone and the dynamic downtrend line.
Be highly cautious about jumping into aggressive longs until these key resistances are formally broken!
➡️ Bullish Target:
Only a clean break and stabilization above 60,800 will trigger strong momentum. If we clear this level, it opens the door for a quick move up to the next major resistance zone between 62,300–63,300.
➡️ Weekend Outlook:
With the weekend here, expect lower trading volumes and choppy action. However, pay close attention to the 58,000–60,800 range. If BTC manages to consolidate sideways within this zone without experiencing a sharp breakdown before Monday, we must prepare for an imminent short squeeze / rebound risk.
🫵 Trade smart and always manage your risk!
🤝 Follow me for daily updates, and I will guide you through these rapid market changes. Don't forget to Like 💖 and Share 💬 this post if it helped you!