Trend: Bitcoin is under short-term selling pressure after a recent decline.
Support zone: Around $58,000–58,200. If this level breaks, the price could move lower.
Resistance zone: Around $60,000–60,500. A strong move above this area would improve the short-term outlook.
Bias: Neutral to slightly bearish until Bitcoin reclaims the resistance area.
#analysis #Binance #downtrend
Support zone: Around $58,000–58,200. If this level breaks, the price could move lower.
Resistance zone: Around $60,000–60,500. A strong move above this area would improve the short-term outlook.
Bias: Neutral to slightly bearish until Bitcoin reclaims the resistance area.
#analysis #Binance #downtrend