This could be one of the most important weeks for Bitcoin.
From my perspective, price is trading at a decisive level where the market could either begin a new bullish leg or resume the broader long-term downtrend.
📉 Short Setup
Short Trigger: $63,866
I believe this level has the potential to trigger a sharp downside move if it breaks.
Why?
Because it represents a strong confluence zone:
The yellow trendline would be broken.
The Point of Control (POC) is located in this area.
Together, they create a Potential Reversal Zone (PRZ) with increased technical significance.
For that reason, I think it's worth preparing a sell-stop order, although it's still a bit early to place it since the market hasn't provided a reliable stop-loss level yet.
📊 Market Bias
As long as Bitcoin remains below $65,102, my bias continues to favor the bearish scenario.
In addition, if the daily RSI closes below 45.6, it would provide further confirmation that bearish momentum is strengthening.
🎯 Downside Target
First Bearish Target: $61,874
The next few sessions could determine the market's medium-term direction. Stay patient, let the market confirm the breakout, and avoid anticipating the move before confirmation.
From my perspective, price is trading at a decisive level where the market could either begin a new bullish leg or resume the broader long-term downtrend.
📉 Short Setup
Short Trigger: $63,866
I believe this level has the potential to trigger a sharp downside move if it breaks.
Why?
Because it represents a strong confluence zone:
The yellow trendline would be broken.
The Point of Control (POC) is located in this area.
Together, they create a Potential Reversal Zone (PRZ) with increased technical significance.
For that reason, I think it's worth preparing a sell-stop order, although it's still a bit early to place it since the market hasn't provided a reliable stop-loss level yet.
📊 Market Bias
As long as Bitcoin remains below $65,102, my bias continues to favor the bearish scenario.
In addition, if the daily RSI closes below 45.6, it would provide further confirmation that bearish momentum is strengthening.
🎯 Downside Target
First Bearish Target: $61,874
The next few sessions could determine the market's medium-term direction. Stay patient, let the market confirm the breakout, and avoid anticipating the move before confirmation.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.