BTCUSDT – 1D Chart Update
BTC has broken down from the rising channel and confirmed a strong bearish move. The trend is clearly a downtrend on the daily timeframe.
Current Price: ~67.6K
Major Support: 72K–74K (now acting as resistance after breakdown)
Strong Demand Zone: 58K–60K
Immediate Resistance: 70K–72K
After a sharp -30% drop, the price is attempting a small bounce but still trading below the daily MA and breakdown level. Structure remains weak unless BTC reclaims 72K+ with a strong daily close.
Rejection from 70K–72K → continuation toward 60K zone.
Strong reclaim above 72K → short-term relief rally toward 78K–80K.
⚠️ Momentum is still bearish. Wait for confirmation before aggressive longs.
BTC has broken down from the rising channel and confirmed a strong bearish move. The trend is clearly a downtrend on the daily timeframe.
Current Price: ~67.6K
Major Support: 72K–74K (now acting as resistance after breakdown)
Strong Demand Zone: 58K–60K
Immediate Resistance: 70K–72K
After a sharp -30% drop, the price is attempting a small bounce but still trading below the daily MA and breakdown level. Structure remains weak unless BTC reclaims 72K+ with a strong daily close.
Rejection from 70K–72K → continuation toward 60K zone.
Strong reclaim above 72K → short-term relief rally toward 78K–80K.
⚠️ Momentum is still bearish. Wait for confirmation before aggressive longs.
Pubblicazioni correlate
Declinazione di responsabilità
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.
Pubblicazioni correlate
Declinazione di responsabilità
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.