$BTC Quick Market Update ‼️
I'm expecting 55K because over the weekend, Iran and the US exchanged attacks, breaking the ceasefire. Meanwhile, the US stock market was closed, so the impact hasn't been fully absorbed yet. Think of it as a bubble that could burst over the next day or two.
For BTC to turn bullish, it would need to break through multiple resistance zones, which honestly looks very difficult at the moment. Don't keep your hopes up.
From here, I see an 80%+ chance of BTC reaching 55K. I'll only give the market a 20% chance if it can first break:
- 60,800
- 61,800–62,200
- 62,800–63,500
Until then, assume the bearish scenario remains in control.
If BTC closes below 59K, then nothing is likely to stop the downside momentum. It's as simple as that.
Keep a close eye on the weekly close:
🟢 Bullish Weekly Close: Above 62K
🔴 Bearish Weekly Close: Below 59K
For a sideways scenario, BTC needs to close above at least 60,500. If that happens, a retest of the 62K region becomes possible.
Trade Here Accordingly 👇🏻
I'm expecting 55K because over the weekend, Iran and the US exchanged attacks, breaking the ceasefire. Meanwhile, the US stock market was closed, so the impact hasn't been fully absorbed yet. Think of it as a bubble that could burst over the next day or two.
For BTC to turn bullish, it would need to break through multiple resistance zones, which honestly looks very difficult at the moment. Don't keep your hopes up.
From here, I see an 80%+ chance of BTC reaching 55K. I'll only give the market a 20% chance if it can first break:
- 60,800
- 61,800–62,200
- 62,800–63,500
Until then, assume the bearish scenario remains in control.
If BTC closes below 59K, then nothing is likely to stop the downside momentum. It's as simple as that.
Keep a close eye on the weekly close:
🟢 Bullish Weekly Close: Above 62K
🔴 Bearish Weekly Close: Below 59K
For a sideways scenario, BTC needs to close above at least 60,500. If that happens, a retest of the 62K region becomes possible.
Trade Here Accordingly 👇🏻