Bitcoin has broken below the rising trendline, showing increasing bearish momentum. Price has also moved below the 64,570–64,695 support zone and is now approaching the key 64,235 support level.
Key Levels:
🔴 Major Resistance: 65,397
🔴 Resistance Zone: 64,570–64,695
🔵 Support: 64,235
🔵 Next Support: 63,742
🔵 Lower Support: 63,098
Trade Outlook:
As long as BTC remains below 64,695, the short-term bias remains bearish.
A confirmed breakdown below 64,235 could open the way toward 63,742, followed by 63,098.
On the other hand, if BTC reclaims 64,695 and holds above it, the bearish setup could weaken and buyers may attempt another move higher.
⚠️ Wait for confirmation and manage your risk. This is not financial advice.
#BTC #Bitcoin #BTCUSDT #Crypto #TradingView #TechnicalAnalysis #PriceAction #CryptoTrading
Key Levels:
🔴 Major Resistance: 65,397
🔴 Resistance Zone: 64,570–64,695
🔵 Support: 64,235
🔵 Next Support: 63,742
🔵 Lower Support: 63,098
Trade Outlook:
As long as BTC remains below 64,695, the short-term bias remains bearish.
A confirmed breakdown below 64,235 could open the way toward 63,742, followed by 63,098.
On the other hand, if BTC reclaims 64,695 and holds above it, the bearish setup could weaken and buyers may attempt another move higher.
⚠️ Wait for confirmation and manage your risk. This is not financial advice.
#BTC #Bitcoin #BTCUSDT #Crypto #TradingView #TechnicalAnalysis #PriceAction #CryptoTrading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.