Hello Traders! 👋
What are your thoughts on Bitcoin ?
Bitcoin remains within its broader bearish market structure, with price continuing to trade below the long-term descending trendline. After finding support around $58,000, buyers managed to trigger a temporary rebound. However, the current recovery still appears to be corrective rather than the start of a new bullish trend.
The corrective rally is expected to extend toward the $70,000–$73,300 resistance zone, where the long-term descending trendline converges with the 50% and 61.8% Fibonacci retracement levels, forming a major technical resistance area.
As long as price remains below this resistance cluster, the primary outlook stays bearish. A rejection from this zone is expected to initiate the next bearish leg, potentially driving Bitcoin toward a new swing low around $48,000.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
What are your thoughts on Bitcoin ?
Bitcoin remains within its broader bearish market structure, with price continuing to trade below the long-term descending trendline. After finding support around $58,000, buyers managed to trigger a temporary rebound. However, the current recovery still appears to be corrective rather than the start of a new bullish trend.
The corrective rally is expected to extend toward the $70,000–$73,300 resistance zone, where the long-term descending trendline converges with the 50% and 61.8% Fibonacci retracement levels, forming a major technical resistance area.
As long as price remains below this resistance cluster, the primary outlook stays bearish. A rejection from this zone is expected to initiate the next bearish leg, potentially driving Bitcoin toward a new swing low around $48,000.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.