Check out my this analysis and correct reversal from here and got 2000+ point ☝️
BTC
62,176
-3.56%
Post
--Bullish
CRYPTOSMIT
·
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Bullish$BTC has confirmed a breakdown below the 66,000 strong support level, indicating short term bearish continuation. The breakdown came with strong momentum, showing clear supply dominance.
Current Position:
Price is now reacting near the 63,000 support zone. This level is acting as an immediate demand area.
Bullish Scenario:
If BTC forms a strong bullish engulfing candle or clear reversal structure on 30m at 63K, a relief bounce toward 64,500 to 65,500 is possible.
Bearish Scenario:
If 63K fails to hold, next major demand lies around 62,000 to 61,800. That zone could be the next liquidity target.
Educational purpose only.
#btcusdt #BitcoinAnalysis
Current Position:
Price is now reacting near the 63,000 support zone. This level is acting as an immediate demand area.
Bullish Scenario:
If BTC forms a strong bullish engulfing candle or clear reversal structure on 30m at 63K, a relief bounce toward 64,500 to 65,500 is possible.
Bearish Scenario:
If 63K fails to hold, next major demand lies around 62,000 to 61,800. That zone could be the next liquidity target.
Educational purpose only.
#btcusdt #BitcoinAnalysis