Hi!
BTC is currently trading around 64,200 after losing momentum near the 64,400 resistance. The break below the short-term ascending trendline suggests that buyers are taking a step back, increasing the likelihood of a deeper pullback before the next move higher.
The area between 63,300 and 63,450 stands out as the key demand zone to watch. A healthy retracement into this support could attract fresh buying interest and provide a stronger foundation for the next bullish leg. As long as this zone holds, the overall market structure remains constructive.
Rather than chasing price at current levels, waiting for a reaction from the demand zone may offer a better risk-to-reward opportunity. If buyers defend this area, BTC could recover toward 64,400, with 64,700 as the next major upside target. For now, a pullback into support followed by a bullish reaction remains the preferred scenario.
BTC is currently trading around 64,200 after losing momentum near the 64,400 resistance. The break below the short-term ascending trendline suggests that buyers are taking a step back, increasing the likelihood of a deeper pullback before the next move higher.
The area between 63,300 and 63,450 stands out as the key demand zone to watch. A healthy retracement into this support could attract fresh buying interest and provide a stronger foundation for the next bullish leg. As long as this zone holds, the overall market structure remains constructive.
Rather than chasing price at current levels, waiting for a reaction from the demand zone may offer a better risk-to-reward opportunity. If buyers defend this area, BTC could recover toward 64,400, with 64,700 as the next major upside target. For now, a pullback into support followed by a bullish reaction remains the preferred scenario.
Zlecenie aktywne
As expected, BTC declined from the level I mentioned earlier. #Btc #BTCUSD #Bitcoin
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🔴 Forex channel: t.me/melikatrader94GoldForex
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