$BTC bouncing from 60,000 support level, currently consolidating around 69,382. Price trading between MA7 (70,430) and MA25 (67,755), showing indecision. Strong downtrend from 90,000 still intact with descending trendline resistance overhead. MA99 at 79,353 acts as major resistance. Break above 71,000 could spark recovery; failure risks retesting 60,000.
Targets:
TP1: 71,000 TP2: 74,000 TP3: 77,000
Stop Loss: 67,000
Note: Watch for volume confirmation on any breakout attempt. Take partial profits at each level given the prevailing downtrend.
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$BTC bouncing from 60,000 support level, currently consolidating around 69,382. Price trading between MA7 (70,430) and MA25 (67,755), showing indecision. Strong downtrend from 90,000 still intact with descending trendline resistance overhead. MA99 at 79,353 acts as major resistance. Break above 71,000 could spark recovery; failure risks retesting 60,000.
Targets:
TP1: 71,000
TP2: 74,000
TP3: 77,000
Stop Loss: 67,000
Note: Watch for volume confirmation on any breakout attempt. Take partial profits at each level given the prevailing downtrend.