Bitcoin is currently trading around $65,240 and remains in a short-term bullish structure, but price is approaching a major resistance and liquidity zone around $65,600–$65,800.
The recent Break of Structure (BOS) shows that buyers have maintained control, while the rising trendline and higher-low formation continue to support the bullish momentum. However, after the recent upward move, BTC may first push toward $65,600–$65,800 to collect liquidity above the recent highs before facing strong selling pressure.
If price reaches this area and fails to break and hold above 65,800, we could see a sharp rejection as sellers enter from the supply zone. In that case, BTC may move back toward 65,400 65,000 / 64,900, followed by the important support around 64,632. If 64,632 breaks with a strong 1H candle close, the bearish pressure could increase and price may extend toward the 64,000 / 64,014 support zone.
On the other hand, if buyers manage to break 65,800 with strong volume and successfully hold above it, the bearish rejection setup would become weaker and BTC could continue toward higher levels. Therefore, 65,600 / 65,800 is the key decision zone. The reaction from this area will determine whether Bitcoin continues its bullish move or starts a deeper correction.
Overall bias: Bullish structure, but a possible liquidity sweep/rejection near 65,700 / 65,800 could trigger downside toward 64,632 / 64,014. Always wait for candle confirmation around these key levels rather than entering purely on the projected path.
our support means a lot! If you found this analysis useful, leave a Like and tell me your thoughts in the comments. Best of luck with your trading journey! 🚀
The recent Break of Structure (BOS) shows that buyers have maintained control, while the rising trendline and higher-low formation continue to support the bullish momentum. However, after the recent upward move, BTC may first push toward $65,600–$65,800 to collect liquidity above the recent highs before facing strong selling pressure.
If price reaches this area and fails to break and hold above 65,800, we could see a sharp rejection as sellers enter from the supply zone. In that case, BTC may move back toward 65,400 65,000 / 64,900, followed by the important support around 64,632. If 64,632 breaks with a strong 1H candle close, the bearish pressure could increase and price may extend toward the 64,000 / 64,014 support zone.
On the other hand, if buyers manage to break 65,800 with strong volume and successfully hold above it, the bearish rejection setup would become weaker and BTC could continue toward higher levels. Therefore, 65,600 / 65,800 is the key decision zone. The reaction from this area will determine whether Bitcoin continues its bullish move or starts a deeper correction.
Overall bias: Bullish structure, but a possible liquidity sweep/rejection near 65,700 / 65,800 could trigger downside toward 64,632 / 64,014. Always wait for candle confirmation around these key levels rather than entering purely on the projected path.
our support means a lot! If you found this analysis useful, leave a Like and tell me your thoughts in the comments. Best of luck with your trading journey! 🚀
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Wyłączenie odpowiedzialności
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