#btcusdcm
btcusdcm
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Market Summary
Market Summary
Price: $60,545.4 (-0.26%), stabilizing slightly above the recent local low of $60,143.8.
Trend: The 5-minute chart shows a steep drop from $61,445.3 followed by a weak, sideways consolidation.
Volume: Strong selling volume accompanied the crash, establishing heavy overhead resistance around $60,651 – $61,224.
Macro: Heavily bearish across all long-term indicators (down -18% weekly, -25% monthly, and -41% yearly).
Verdict: Bearish momentum dominates. Expect a retest of $60,143 unless bulls can decisively reclaim $60,651.#BTCUSDCM #ProfitableTrades $BTC
Market Summary
Price: $60,545.4 (-0.26%), stabilizing slightly above the recent local low of $60,143.8.
Trend: The 5-minute chart shows a steep drop from $61,445.3 followed by a weak, sideways consolidation.
Volume: Strong selling volume accompanied the crash, establishing heavy overhead resistance around $60,651 – $61,224.
Macro: Heavily bearish across all long-term indicators (down -18% weekly, -25% monthly, and -41% yearly).
Verdict: Bearish momentum dominates. Expect a retest of $60,143 unless bulls can decisively reclaim $60,651.#BTCUSDCM #ProfitableTrades $BTC
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