BTCUSDT Hi everyone, I hope you are doing well and I have put my opinion in Bitcoin price on the chart for you. and hope this helps you! Simple, concise, usefulBitcoin (BTCUSDT) has broken below a key trendline, and we are now seeing a potential retracement towards a demand zone around $66,771.5, which could act as a strong support level.
Breakdown & Retest: BTC has fallen below a significant trendline, confirming a bearish move. A possible retest of this zone before further decline is likely.
Long Entry Consideration: If price stabilizes and shows bullish confirmation at the highlighted demand zone, it could provide a strong long opportunity.
Bearish Scenario: A clean breakdown of this level could signal further downside potential, requiring caution before entering long positions.
RSI Oversold? The RSI is showing a potential reversal area, but confirmation is key before making any trades.
📉 Waiting for confirmation before entering!
Let me know your thoughts in the comments!
Best regards
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