Descending Triangle

GOLD - Ahead of the Fed meeting. Bearish trend ICMARKETS:XAUUSD is rebounding from the 4000 level but remains trapped within the 4010–4050 trading range. At the same time, the U.S. Dollar Index has entered a consolidation phase as markets await the upcoming Federal Reserve meeting Gold is trading cautiously ahead of the Fed decision amid renewed geopolitical tensions. The key catalyst will be the Fed's guidance on the future path of interest rates. Any hint of a dovish shift could fuel a rally in gold, while a hawkish message would likely restore downside pressure. Bullish drivers: Dovish Fed rhetoric, A weaker U.S. dollar, Lower rate expectations, Geopolitical de-escalation Bearish drivers: Hawkish Fed guidance (persistent inflation concerns, hints of further tightening, a more hawkish voting balance), Escalation of geopolitical tensions, supporting both the U.S. dollar and oil prices Resistance levels: 4070, 4083, 4116 Support levels: 4011, 3983 Fundamentally, there are reasons to expect the Federal Reserve to maintain a hawkish tone. From a technical perspective, gold remains under pressure within a broader bearish trend. As a result, the upcoming news-driven volatility could trigger a retest of the 4070–4083 resistance zone—or even 4116—before the downtrend resumes toward the 4000–3950 area. Best regards, R. Linda

AUDUSD - A long squeeze could trigger a rally FX:AUDUSD is testing a key support zone, with a significant liquidity pool positioned just below it. The broader daily trend remains bullish, giving buyers an opportunity to regain control At the same time, the U.S. Dollar Index is testing resistance. Profit-taking near the 101.5 area could trigger a pullback in the dollar, providing additional support for the Australian dollar. From a technical perspective, a substantial liquidity pool has formed below 0.69615. A long squeeze in this area could trigger a rebound and support a continuation of the prevailing uptrend toward the next target zone Resistance levels: 0.6994, 0.7010, 0.7021 Support level: 0.6960 A false breakout below 0.69615, followed by a recovery and sustained consolidation above this level, could become the technical catalyst for a rally toward 0.6994–0.7020 Best regards, R. Linda

BITCOIN - A countertrend correction before a decline BINANCE:BTCUSDT.P is breaking the local bullish market structure within a broader bearish distribution phase while also forming a false breakdown below the 63,680 support area. The market continues to reinforce the dominance of the higher-timeframe bearish trend, although a corrective rebound remains possible before the next leg lower Higher timeframe: The broader bearish trend remains intact. Sellers prevented price from reaching the key technical retracement level at 67,250, while a weak fundamental backdrop and continued ETF outflows continue to weigh on market sentiment. From a technical perspective, Bitcoin has invalidated the local bullish structure after bears rejected the advance toward 67,250. The false breakout above 66K triggered a sharp sell-off and was followed by a break below the ascending trendline support Resistance levels: 64,692, 65,590 Support levels: 63,860, 62,750, 61,322 Following the recent decline, Bitcoin may attempt a countertrend correction to sweep liquidity and fill the existing fair value gap. The primary focus remains on the 64,692 and 65,590 resistance levels. A short squeeze into this resistance zone could provide the technical setup for another bearish reversal toward the lower boundary of the current trading range Best regards, R. Linda

GOLD - Correction Before a Decline ICMARKETS:XAUUSD remains under pressure from the broader bearish trend. However, within this primary direction, the market is developing a sideways range and a countertrend correction. A stronger U.S. dollar could once again weigh on the metal Gold has received temporary support from the recent geopolitical pause and a softer U.S. dollar. However, the sustainability of the recovery remains uncertain as markets await the upcoming Federal Reserve decision and further developments in the Middle East. Technical indicators continue to point to a bearish bias, limiting buyers' appetite. Bullish drivers: Further U.S. dollar weakness, Geopolitical de-escalation, Lower oil prices and bond yields, A dovish signal from the Federal Reserve Bearish drivers: Renewed geopolitical escalation, Rising oil prices, Hawkish Fed rhetoric, Renewed U.S. dollar strength Resistance levels: 4109, 4134 Support levels: 4082, 4067, 4028 Although the U.S. dollar is currently in a corrective phase, its broader trend remains bullish. This could allow gold to complete a liquidity sweep before resuming its decline. Before any further advance, gold may retest the 4082 support level. The primary focus remains on the 4134 liquidity zone, where a short squeeze could trigger another bearish reversal Best regards, R. Linda

$SPCX two patterns, two directions NASDAQ:SPCX Interesting short-term setup here. Friday’s post-market price was hovering around the $112 mark, keeping the descending triangle in play. Conversely, a double bottom pattern is currently in the making and would validate on a break of $118.26 to project a rebound target of $125. Neither setup is valid until price breaks out. The most likely direction usually aligns with the prevailing trend, so the triangle may prove the more favorable one here.

GOLD - The Hunt for Liquidity (Correction) Before the Drop ICMARKETS:XAUUSD is recovering after Thursday's sharp decline, trading around $4,060 on Friday. This rebound may represent nothing more than a liquidity-building move before the broader downtrend resumes The U.S. dollar continues to strengthen, while gold remains under selling pressure, reinforcing the prevailing bearish market structure. The broader trend remains firmly bearish. From a technical perspective, gold continues to face pressure from geopolitical uncertainty and hawkish Federal Reserve expectations. The current recovery appears to be a countertrend correction toward key liquidity zones, potentially building momentum for another decline toward the 4000–3983 support area. The next directional move will largely depend on the U.S. dollar, oil prices, PMI data, and developments surrounding the geopolitical conflict. Bearish drivers: Stronger hawkish Fed expectations, Rising oil prices, Continued U.S. dollar strength, Profit-taking, Bearish technical structure Bullish drivers: U.S. dollar weakness triggered by new tariff developments, Geopolitical de-escalation, Weaker-than-expected PMI data Resistance levels: 4061, 4067, 4109 Support levels: 4021, 4000, 3983 Within the current countertrend correction, gold is testing the first trigger zone at 4061–4067. A short squeeze around this area could trigger another reversal and send price back toward support. However, a deeper correction toward the 4109–4134 liquidity zone before the next bearish leg cannot be ruled out Best regards, R. Linda

GOLD - A false breakout of resistance within a bearish trend ICMARKETS:XAUUSD has broken out of its short-term descending channel within the current distribution phase and is now testing the 4134 liquidity zone while printing fresh intermediate highs. Despite the technical recovery, the broader fundamental backdrop remains weak Gold remains caught between geopolitical support and pressure from hawkish Federal Reserve expectations and elevated real yields. Analysts note that a sustainable recovery would likely require lower oil prices, declining bond yields, and softer expectations for further monetary tightening. Until then, the upside potential is expected to remain limited. At the moment, oil prices continue to rise, while the U.S. dollar has strengthened for a fifth consecutive session, maintaining its broader bullish trend. Bullish drivers: Geopolitical de-escalation, Falling oil prices, A weaker U.S. dollar, Softer expectations for Fed rate hikes Bearish drivers: Escalation of geopolitical tensions, Rising oil prices, Hawkish Fed rhetoric, Continued U.S. dollar strength Resistance levels: 4124, 4134, 4195 Support levels: 4103, 4067, 4028 Technically, the market is testing a key liquidity pool within the current distribution phase and may be forming a short squeeze. If bears manage to keep price below the 4124–4134 resistance zone, it could trigger another leg lower in line with the broader daily bearish trend Best regards, R. Linda

BITCOIN - A distribution toward 67K before a decline?BINANCE:BTCUSDT.P has transitioned from consolidation into a distribution phase following the breakout above resistance and is now advancing toward a key resistance zone within the broader bearish trend The fundamental backdrop remains relatively weak for the cryptocurrency market. However, spot Bitcoin ETFs have recorded inflows for five consecutive trading sessions, providing short-term support for the current rally. From a technical perspective, Bitcoin has broken above the 65,600 resistance level, and the momentum built during consolidation could drive price toward the 67,250 resistance zone. Nevertheless, given the prevailing higher-timeframe bearish trend, this area may act as a significant barrier and halt the advance Resistance levels: 67,250 Support levels: 65,600, 63,800, 61,800 The broader market trend remains bearish. Price is approaching the key 67,250 resistance zone, where a short squeeze could shift momentum back in favor of sellers. If bears regain control at this level, Bitcoin could reverse and resume its primary downtrend toward 65,600, 63,800, and 61,800 Best regards, R. Linda

GOLD - A short squeeze before the decline continues toward 3900 ICMARKETS:XAUUSD is hovering around the $4,000 mark on Monday, caught between bullish and bearish pressure as markets digest the ongoing escalation of tensions between the U.S. and Iran, while this week's U.S. economic calendar remains relatively light The U.S. dollar remains in consolidation, although the Dollar Index (DXY) continues to maintain its broader bullish trend. Gold remains under pressure, and the daily technical outlook continues to favor the bears, limiting the potential for a sustained recovery. At this stage, there are few signs that this scenario will change in the near term. Bearish drivers: Escalation of the U.S.–Iran conflict, supporting both the U.S. dollar and oil prices, Hawkish Federal Reserve rhetoric, Bearish technical market structure Bullish drivers: Geopolitical de-escalation, Weaker-than-expected U.S. macroeconomic data, Profit-taking after recent declines Resistance levels: 4028, 4043, 4065 Support levels: 3960, 3943, 3900 Gold remains under selling pressure due to a combination of technical and fundamental factors. The broader trend is still bearish. Technically, the market is confirming resistance around 4028.6, and a short squeeze into the 4028.6–4065 liquidity zone remains possible before the broader downtrend resumes toward 3940–3900 Best regards, R. Linda

GOLD - The hunt for liquidity before the fall to 3900...FX:XAUUSD has completely unwound the bullish momentum generated by the recent news and has printed fresh local lows. The market remains in both a local and broader bearish trend, driven by persistent fundamental and geopolitical uncertainty Gold continues to trade under pressure, with sellers firmly in control. The next key catalysts will be the U.S. Consumer Sentiment and Inflation Expectations reports. The technical outlook remains bearish, with price making new local lows while still holding above the key 3960 support area. Before the broader decline resumes, the market may enter a liquidity sweep phase, with downside potential extending toward 3940–3900. Bearish drivers: Escalation of geopolitical tensions, Rising oil prices and a stronger U.S. dollar, Hawkish Federal Reserve rhetoric, Strong U.S. economic data Bullish drivers: Geopolitical de-escalation, Weaker-than-expected consumer sentiment data, End-of-week profit-taking Resistance levels: 4028, 4043, 4065 Support levels: 3960, 3943 The U.S. dollar remains in a strong bullish trend, reinforcing the bearish outlook for gold. Technically, the market is developing a breakout structure around the 3960–3940 support zone. A sustained break and close below this area could trigger another leg lower. However, before the next sell-off, a short squeeze toward the 4028–4065 resistance zone remains possible. A false breakout of this area could attract fresh selling pressure and accelerate the broader downtrend Best regards, R. Linda

BITCOIN - A false breakout of resistance in a bear market BINANCE:BTCUSDT.P is forming a retest of the key 64,500 resistance level as part of a countertrend correction, trapping late buyers while the market remains in a liquidity sweep phase The broader trend remains bearish. Unstable ETF flows, the lack of meaningful fundamental support, and ongoing geopolitical uncertainty continue to weigh on the market. Within the broader bear market, the market maker has swept liquidity above 64,500 before pushing price back into the trading range. Bitcoin remains in a 62,000–65,000 consolidation zone, while the higher-timeframe trend continues to point lower. A short squeeze into the resistance area could trigger another sell-off toward the 60K–50K region Resistance levels: 64,450, 64,700, 65,600 Support levels: 62,750, 61,300 A retest of the liquidity pool above 64,450 may attract renewed selling pressure. If bears successfully defend this key resistance zone, it would further confirm the prevailing bearish market structure and increase the probability of a decline toward 62,750 and 61,300 Best regards, R. Linda

GOLD - Anticipating a short squeeze before the decline continues ICMARKETS:XAUUSD experienced a short squeeze around the key liquidity zone following Tuesday's CPI release. However, the market quickly regained its bearish momentum and resumed selling in line with the prevailing trend The U.S. dollar remains in consolidation, as does the broader market, but the Dollar Index (DXY) continues to maintain its broader bullish trend, keeping pressure on gold. The lack of fundamental support, combined with ongoing geopolitical tensions, continues to favor the bears. The escalation of the U.S.–Iran conflict in the Strait of Hormuz remains a key source of uncertainty Gold is still under pressure, with sellers maintaining control and using every rebound as an opportunity to initiate new short positions. The next major catalysts will be the U.S. Producer Price Index (PPI) and speeches from Federal Reserve officials, including Warsh. The daily technical structure remains bearish. Bearish drivers : Escalation of the geopolitical conflict, Higher oil prices, Hawkish Fed rhetoric, Technical sell-on-rallies Bullish drivers : Geopolitical de-escalation, Weaker-than-expected inflation data (including PPI), Dovish Fed commentary Resistance levels: 4062, 4103 Support levels: 4021, 3986, 3960 Technically, gold is testing the 4021 intermediate support level. A local false breakdown could trigger a countertrend rebound toward the 4062 resistance zone to sweep liquidity before the broader downtrend resumes toward 3986–3960 Best regards, R. Linda

USDCAD - From consolidation to downward distribution FX:USDCAD is forming a reversal pattern following its recent strong rally. The market appears to be transitioning from a consolidation phase into a distribution phase The U.S. dollar has entered a period of consolidation, while the Canadian dollar is beginning to strengthen, putting additional pressure on the pair. After the strong advance, USDCAD moved into a 1.4150–1.4250 trading range. Instead of continuing higher, price is now showing signs of a reversal. Buyer participation may lead to a distribution phase, with the market potentially moving lower to fill the existing fair value gap (FVG) Resistance levels: 1.4150, 1.4177 Support levels: 1.4092, 1.4024 Technically, after breaking below the consolidation support, bears are attempting to keep the price below the 1.4150 range boundary. As long as this level remains under sellers' control, the market may continue its decline toward 1.4092 and 1.4024 Best regards, R. Linda

GOLD - A countertrend correction before a decline FX:XAUUSD has reversed lower from the 4120–4133 resistance zone—exactly the scenario we had been anticipating since the end of last week—and is now testing the 4050 support area while forming a false breakout. The fundamental and geopolitical backdrop remains weak, suggesting that the broader decline may continue Gold fell sharply on Monday, breaking below the $4100 level as renewed tensions in the Middle East boosted the U.S. dollar. Although the dollar is currently consolidating, it remains in a broader bullish trend, supported by ongoing geopolitical uncertainty. The overall market remains under bearish pressure, with the technical outlook still negative. The next major catalysts will be the U.S. CPI report, Fed Chair Warsh's speech, and further developments in the Middle East. Drivers: Bearish for gold: Escalation of the conflict (strengthening the U.S. dollar while pushing oil prices and inflation higher), Hawkish Fed signals, Strong U.S. inflation data Bullish for gold: Geopolitical de-escalation, Weaker-than-expected CPI data, Dovish comments from Warsh Resistance levels: 4093, 4108, 4133 Support levels: 4054, 4021 Technically, the market is forming a false breakout below the daily support level. Bulls are attempting to defend the area, which could trigger a corrective rebound toward the 4090–4110 interest zone before the broader downtrend resumes toward 4020–3960 Best regards, R. Linda

BITCOIN - Retest of the 64,500 liquidity zone BINANCE:BTCUSDT.P remains within the 58,000–67,000 trading range, established as part of the broader bearish trend. Locally, the market is testing the upper boundary of the consolidation zone at 61,000–64,500, with the primary focus now on the resistance area Bitcoin is currently caught between three major forces: the hawkish FOMC minutes, unstable ETF flows—with outflows resuming after three consecutive days of inflows—and ongoing geopolitical uncertainty. The market still lacks a strong fundamental catalyst. From a medium-term perspective, Bitcoin could decline toward 58K–50K before a potential long-term bottom is formed. The broader trend remains firmly bearish. Technically, Bitcoin is advancing toward the 64,370–64,690 resistance zone. This move may represent a liquidity grab before another leg lower Resistance levels: 64,370, 64,690 Support levels: 62,550, 61,300 Bitcoin is forming a countertrend correction into a key resistance zone, which also coincides with the upper boundary of the current trading range and a major liquidity pool. A short squeeze in this area could shift momentum back in favor of the bears, while consolidation below this resistance zone may trigger another decline toward 62,550 or the range support at 61,300 Best regards, R. Linda

GOLD - Breakdown from consolidation. Bearish pressure FX:XAUUSD failed to extend last week's rally despite the temporary improvement in the fundamental backdrop. Following yesterday's geopolitical escalation, market sentiment has shifted again, putting renewed pressure on the metal Gold recovered modestly on Wednesday after its recent decline, but gains remain limited by the stronger U.S. dollar. Market attention is now focused on the minutes from the June FOMC meeting, which could provide further clues about the Fed's rate outlook. Additional pressure comes from renewed tensions between the U.S. and Iran and rising oil prices, both of which have reinforced inflation concerns. As a result, markets have increased the probability of a September Fed rate hike to 63%. Gold's next move will likely depend on both the FOMC minutes and further developments in the Middle East Resistance levels: 4123, 4133, 4195 Support levels: 4090, 4030, 3960 Technically, after breaking out of its consolidation range, gold is now forming a countertrend correction toward a liquidity zone while producing a false breakout above resistance. Bears are attempting to defend the 4120–4130 resistance area. A consolidation below 4120–4130 could trigger another decline toward 4090, 4030, and 3959, as selling pressure continues to build within both the local and the broader bearish trends Best regards, R. Linda

GOLD - A shift in the fundamental backdrop. Locally bullish FX:XAUUSD is breaking its recent market structure and transitioning into a local distribution phase within the broader bearish trend. The primary focus is on the 4120–4200 range Gold has staged a strong rebound after weaker-than-expected U.S. employment data shifted Fed rate expectations from hawkish to neutral. The probability of a rate hike at the next meeting has fallen to 18%, while the U.S. dollar and Treasury yields have both declined, creating favorable conditions for a recovery following gold's sharpest quarterly decline in 13 years. With the July 4th holiday approaching, profit-taking could increase volatility. Although bearish pressure has eased, the broader technical outlook remains cautious. Technically, after the short squeeze into the 4190–4200 liquidity zone, gold may enter a corrective phase toward support before attempting another move higher. However, both the global and local trends remain bearish Resistance levels: 4198, 4220, 4329 Support levels: 4150, 4125, 4061 A correction and retest of the 4130–4120 liquidity zone could provide bulls with another opportunity to push the market higher. Market makers may target a retest of 4220, with a potential medium-term extension toward 4330 Best regards, R. Linda

BITCOIN - A false breakout of resistance during a bearish trend BINANCE:BTCUSDT.P remains in a bearish trend and is currently retesting the 60700 resistance zone. Both the global and local trends continue to favor the downside. Bitcoin is caught between three key forces: the Fed's softer rhetoric (Kevin Warsh signaled easing inflation risks, reducing pressure on risk assets), record institutional outflows (the tenth consecutive day of ETF outflows, with $4.5 billion withdrawn in June), and a countertrend correction within the broader bearish trend. Technically, the market is showing signs of a false breakout around resistance as sellers attempt to defend the area. Consolidation below 60700 could trigger another leg lower. Resistance levels: 60700, 62200 Support levels: 59555, 58320, 58030 The focus remains on two key trigger levels: 60730 and 62232. If the market fails to reclaim 60730 after the false breakout, Bitcoin could resume its decline toward 59500–58000. However, a retest of the 62200 resistance zone cannot be ruled out. A short squeeze into either resistance area could create the conditions for another bearish move. Best regards, R. Linda

GOLD - Consolidation amid a bearish trend ICMARKETS:XAUUSD remains in both a global and local bearish trend. Within the broader downtrend, the market is consolidating, with price action suggesting a potential continuation lower. The key range to watch is 3959–4018–4090 Gold continues to trade under pressure. The main event in focus is Fed Chair Kevin Warsh's speech at the ECB Forum in Sintra. His comments could either reinforce or challenge the Fed's recent hawkish stance. The U.S. dollar continues to strengthen amid renewed U.S.–Iran tensions, hawkish Fed rate expectations, and USDJPY climbing to multi-decade highs. Together, these factors continue to weigh on gold. Key drivers: Bearish: stronger U.S. dollar, rising Treasury yields, hawkish Fed signals, ongoing geopolitical uncertainty. Bullish: progress in geopolitical negotiations, weaker U.S. economic data, or a dovish shift from the Fed Resistance levels: 4018, 4090, 4121 Support levels: 3959, 3886, 3819 Gold remains in a well-defined bearish structure on both the local and higher timeframes. The preferred trading bias remains to the downside, with 3959 and 4018 serving as the key trigger levels. Price is consolidating around 3959, while the reaction from buyers is gradually weakening. A breakdown below support—or a short squeeze into 4018—could trigger the next impulsive move lower Best regards, R. Linda

GOLD - The Hunt for Liquidity Before the Crash ICMARKETS:XAUUSD remains under pressure. The key events to watch this week are the Qatar negotiations, new Fed Chair Kevin Warsh's speech at the ECB Forum in Sintra, and the U.S. Non-Farm Payrolls (NFP) report. Any rebound is likely to be viewed as a selling opportunity Gold starts the week with a bearish bias after posting its fourth consecutive weekly decline and ending a two-day recovery from seven-month lows. The market remains under pressure from a combination of factors: the Fed's hawkish shift (with nearly a 90% probability of a December rate hike and expectations for two hikes by year-end), a stronger U.S. dollar trading near yearly highs, and record outflows from gold ETFs. The U.S. Dollar Index continues to trade in a strong bullish trend, adding further pressure to gold prices. Technically, the market is currently developing a corrective phase aimed at hunting liquidity. Key areas of interest are 4090 and 4198. Resistance levels: 4090, 4121, 4198 Support levels: 3983, 3964, 3920 A short squeeze into the 4090–4121 zone could trigger another leg lower toward 3900–3800. However, a more aggressive countertrend rally toward the 4198 liquidity zone cannot be ruled out before the broader bearish trend resumes Best regards, R. Linda

SOLUSDT - Countertrend correction. Waiting for a short squeeze BINANCE:SOLUSDT is developing a countertrend rally against the backdrop of a broader bearish market and a local range, while Bitcoin continues to test a key support zone Bitcoin remains under heavy pressure from a combination of factors: the Fed's hawkish stance, record institutional outflows, the expiration of $10.6 billion in options, the fading geopolitical risk premium following the U.S.–Iran peace agreement, and capital rotation into AI-related stocks. At the moment, the market lacks meaningful fundamental support, and the medium-term outlook remains bearish In contrast, Solana is showing relative strength despite Bitcoin's weakness, rebounding by 6–10% on the back of strong interest in tokenized equity trading and increased futures speculation ahead of a potential airdrop Resistance levels: 74.66, 76.06, 76.63 Support levels: 68.07, 65.86, 64.66 As part of the current countertrend move, Solana is developing an aggressive corrective rally. Technically, this advance may be aimed at building liquidity. Market makers may extend the move toward the 74.66–76.63 area of interest, where a short squeeze could develop before the market resumes its decline toward 68.0–64.6 Best regards, R. Linda

GOLD - Countertrend correction to the liquidity zone FX:XAUUSD appears to be forming a local bottom and may enter a countertrend correction to build liquidity. However, the broader outlook remains negative, driven by a weak fundamental backdrop, a strong U.S. dollar, and the prevailing bearish trend Gold remains vulnerable. The technical picture, combined with uncertainty surrounding the security of shipping through the Strait of Hormuz, continues to weigh on prices. In addition, doubts over the durability of the U.S.–Iran peace agreement are keeping buyers on the sidelines. Technically, the market has printed a new low at 3960, confirming the broader bearish structure that aligns with the global market trend. A corrective move toward 4090–4121 is expected before the downtrend potentially resumes Resistance levels: 4090, 4121, 4198 Support levels: 3983, 3964, 3915 As part of the countertrend correction, gold may test the 4090–4121 liquidity pool. A short squeeze in this area could trigger another decline toward 3983–3964. However, a deeper correction toward the key liquidity zone at 4198–4200 cannot be ruled out, where another bearish reversal may develop Best regards, R. Linda

BITCOIN - Consolidation (correction) before the fall BINANCE:BTCUSDT.P remains under pressure. There is no meaningful fundamental support for the market, while the broader bearish trend continues to define the medium-term direction. There are still no clear signs of a market bottom forming Globally, Bitcoin continues to maintain a bearish trend. Within this trend, the market remains in a consolidation phase with no indications of a reversal. Technically, the downtrend may continue in the medium term. Fundamentally, the outlook remains weak. Cryptocurrency inflows to exchanges continue, while spot ETF outflows persist. Any attempts to rally are increasingly viewed as potential traps before another leg lower. A retest of 59800 followed by a close below this level would be a strong signal that the market is preparing to move toward 50K Resistance levels: 63220, 63750 Support levels: 62230, 60750, 59800 Following the distribution phase and the long squeeze below the 62232 support level, a countertrend correction is developing, aimed at hunting liquidity. As part of this correction, Bitcoin may test the 63220–63750 area before resuming its decline. A short squeeze in this zone could trigger a further move lower toward 60800–59800 Best regards, R. Linda