Bitcoin is staging a minor recovery around the $63,200 level, yet its short-term structure remains unimproved. The price continues to trade below the bearish trendline and faces resistance from the EMA cluster and the $63,500–$63,900 zone.
In my view, this suggests that current buying pressure is more of a technical rebound than a genuine trend reversal.
I prefer waiting for BTCUSDT to retest the overhead resistance zone. If the price fails to hold above $63,900 and shows a rejection candle on the H1 timeframe, sellers could step back in and drive the price down to the recent low.
The primary targets lie between $62,250 and $62,500, with $62,400 being the most notable level.
Shorting zone: $63,500–$63,900
Confirmation: H1 rejection candle at resistance or a close below $63,000
Targets: $62,250–$62,500
Invalidation: Clear H1 close above $64,000
BTC has yet to break out of its bearish structure. Do you think the price will pull back deep into the resistance zone before dropping, or will it break straight through $63,000?
In my view, this suggests that current buying pressure is more of a technical rebound than a genuine trend reversal.
I prefer waiting for BTCUSDT to retest the overhead resistance zone. If the price fails to hold above $63,900 and shows a rejection candle on the H1 timeframe, sellers could step back in and drive the price down to the recent low.
The primary targets lie between $62,250 and $62,500, with $62,400 being the most notable level.
Shorting zone: $63,500–$63,900
Confirmation: H1 rejection candle at resistance or a close below $63,000
Targets: $62,250–$62,500
Invalidation: Clear H1 close above $64,000
BTC has yet to break out of its bearish structure. Do you think the price will pull back deep into the resistance zone before dropping, or will it break straight through $63,000?
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.