Happy Monday, everyone! ☕️
As we kick off a new trading week, Bitcoin is currently hovering around the $66,500 mark. While it seems to be holding steady for now, the technical charts are whispering a different story.
🔍 Market Analysis:
Resistance is Strong: $BTC has faced multiple rejections at higher levels, showing a lack of momentum from the bulls to push further.
Volume Insight: Trading volume is starting to dry up at the current range, often a signal that a correction is brewing.
My Prediction for the Week:
I am leaning towards a bearish scenario for the next few days. Based on the current price action, I expect $BTC to face a downward correction.
Target: I anticipate #BTC will slide back to test the critical psychological support level at $62,000.
Extreme Case: If the selling pressure intensifies, don't be surprised to see a wick dropping below $62k to flush out late long positions before any potential recovery.
⚠️ Trader's Note:
Be cautious with high leverage in the early week. Market makers often love to create "fake-outs" on Mondays. Watch the $64.5k support closely—if that breaks, the path to $62k is wide open.
What’s your move? Are you buying the dip or waiting for sub-$62k? Let’s discuss in the comments! 👇
#Bitcoin #CreatorpadVN #CryptoAnalytics #BinanceSquare #Write2Earn $BTC
