$BTC Daily Update — Bitcoin is still sitting right on the edge.
The 58k liquidity zone was hit almost perfectly, price reacted from it, but the important part now is that Bitcoin has not been able to reclaim with strength.
That is what I’m watching closely.
The longer Bitcoin sits around this 58k to 59k region without pushing back above key levels, the more pressure starts to build on support.
This is the same level buyers defended last time, but when a level keeps getting tested, it can start to weaken.
For me, the first level Bitcoin needs to reclaim is 60k.
If price can get back above 60k and hold it as support, then we could see another push toward 62k to 62.2k. That would be the first sign that buyers are trying to stabilise this move.
But if Bitcoin starts closing below 58k, then the setup changes quickly.
A break below 58k followed by a failed reclaim would be the main warning sign for me, and that is where the move toward the weekly and monthly orderzone around 54k to 48k becomes the focus.
The level I’m still watching closely inside that zone is around 52k, which has been my longer-term target for a while.
Key levels I’m watching:
• Current danger zone: 58k to 59k
• First reclaim: 60k
• Stronger reclaim: 62k to 62.2k
• Major resistance above: 65k to 66k
• If 58k fails: 54k to 48k orderzone
• Longer-term target: around 52k
For me, Bitcoin is still fragile while it sits under 60k.
The 58k reaction was good, but it has not done enough yet.
Reclaim 60k, and bulls get another chance to build.
Lose 58k and fail to reclaim it, and the 54-52k will be my target.
Fellow for leatest update
#bitcoin #YenHitsFourDecadeLowVsDollar #YenHitsFourDecadeLowVsDollar #TechnicalAnalysis_Tickeron
The 58k liquidity zone was hit almost perfectly, price reacted from it, but the important part now is that Bitcoin has not been able to reclaim with strength.
That is what I’m watching closely.
The longer Bitcoin sits around this 58k to 59k region without pushing back above key levels, the more pressure starts to build on support.
This is the same level buyers defended last time, but when a level keeps getting tested, it can start to weaken.
For me, the first level Bitcoin needs to reclaim is 60k.
If price can get back above 60k and hold it as support, then we could see another push toward 62k to 62.2k. That would be the first sign that buyers are trying to stabilise this move.
But if Bitcoin starts closing below 58k, then the setup changes quickly.
A break below 58k followed by a failed reclaim would be the main warning sign for me, and that is where the move toward the weekly and monthly orderzone around 54k to 48k becomes the focus.
The level I’m still watching closely inside that zone is around 52k, which has been my longer-term target for a while.
Key levels I’m watching:
• Current danger zone: 58k to 59k
• First reclaim: 60k
• Stronger reclaim: 62k to 62.2k
• Major resistance above: 65k to 66k
• If 58k fails: 54k to 48k orderzone
• Longer-term target: around 52k
For me, Bitcoin is still fragile while it sits under 60k.
The 58k reaction was good, but it has not done enough yet.
Reclaim 60k, and bulls get another chance to build.
Lose 58k and fail to reclaim it, and the 54-52k will be my target.
Fellow for leatest update
#bitcoin #YenHitsFourDecadeLowVsDollar #YenHitsFourDecadeLowVsDollar #TechnicalAnalysis_Tickeron