🚨 $BTC MARKET UPDATE 🚨
I've been watching the 4H chart closely, and Bitcoin is once again forming a descending triangle pattern, very similar to what we saw around the $75K area before.
📉 The support zone has already been broken, and BTC is currently trading below it. As long as we remain under that level, the market will continue to face bearish pressure until a strong reclaim takes place.
🎯 The two most important levels I'm watching right now are:
🔹 $65,770
🔹 $58,200
If Bitcoin breaks below the $58,200 support and confirms the breakdown, I'll stay patient and wait for the $49,000 zone or even lower before considering any new swing positions.
⏳ Since we're heading into the weekend, patience is key. I want to see how the market reacts on Monday because if bearish momentum continues, we could be looking at one of the weakest weekly closes since September 2024.
🚀 On the bullish side, if $BTC manages to reclaim $65,770 and closes strongly above that level, the chances of a move toward the $70,000+ region increase significantly.
From there, I'll start looking for a potential short setup around the $74,000–$76,000 resistance zone, but only if the market provides proper confirmation.
📊 Key Levels:
🔴 Current Resistance: $63,670
🟢 Current Support: $58,200
🟢 Major Swing Support: $49,000 Zone
🔴 Major Swing Resistance: $74,000–$76,000 Zone
⚠️ This is just my personal market view and not financial advice. Always do your own research and manage your risk wisely.
Regards,
Crypto Profit 007 ✌️
💖 If you enjoy my market updates and want to stay ahead of the trend, follow me for more crypto insights. Let's grow and profit together!
#BTC #Bitcoin #Crypto #Binance #Trading #CryptoMarket
$BTC
I've been watching the 4H chart closely, and Bitcoin is once again forming a descending triangle pattern, very similar to what we saw around the $75K area before.
📉 The support zone has already been broken, and BTC is currently trading below it. As long as we remain under that level, the market will continue to face bearish pressure until a strong reclaim takes place.
🎯 The two most important levels I'm watching right now are:
🔹 $65,770
🔹 $58,200
If Bitcoin breaks below the $58,200 support and confirms the breakdown, I'll stay patient and wait for the $49,000 zone or even lower before considering any new swing positions.
⏳ Since we're heading into the weekend, patience is key. I want to see how the market reacts on Monday because if bearish momentum continues, we could be looking at one of the weakest weekly closes since September 2024.
🚀 On the bullish side, if $BTC manages to reclaim $65,770 and closes strongly above that level, the chances of a move toward the $70,000+ region increase significantly.
From there, I'll start looking for a potential short setup around the $74,000–$76,000 resistance zone, but only if the market provides proper confirmation.
📊 Key Levels:
🔴 Current Resistance: $63,670
🟢 Current Support: $58,200
🟢 Major Swing Support: $49,000 Zone
🔴 Major Swing Resistance: $74,000–$76,000 Zone
⚠️ This is just my personal market view and not financial advice. Always do your own research and manage your risk wisely.
Regards,
Crypto Profit 007 ✌️
💖 If you enjoy my market updates and want to stay ahead of the trend, follow me for more crypto insights. Let's grow and profit together!
#BTC #Bitcoin #Crypto #Binance #Trading #CryptoMarket
$BTC