GM Fam โ๏ธ
So guys the first thing i would like to analyze is Bitcoin...
And yeah this is the 4-hour chart of $BTC and here is my clear analysis: ...
Dear Traders... ๐ $BTC is currently trading around $67,754, and after the recent sharp drop toward 64.9k, the market is now showing a short-term recovery bounce. That bounce came after a strong liquidity sweep on the downside, which usually brings temporary relief in price.
From the structure, BTC is still in a short-term bearish trend, making lower highs after the rejection from the 72k zone. This current move up looks more like a relief bounce rather than a confirmed trend reversal.
Right now the key level to watch is 68,500โ69,200 resistance. This zone previously acted as support and now can turn into resistance. If BTC moves into this area, sellers may step in again.
On the downside, 66,500โ66,000 is the first support zone. If price loses this area, we can see another move toward 65k and possibly a retest of the 64.9k low.
Key levels Iโm watching:
Resistance:
68,500
69,200
70,000
Support:
66,500
65,500
64,900
My view:
This bounce should be treated carefully. As long as BTC stays below 69k, the structure still favors downside pressure.
If $BTC gets rejected from resistance again, this can turn into another continuation drop. But if buyers manage to reclaim and hold above 69kโ70k, then the bearish pressure will start weakening.
For now, this looks like a classic bounce after a dump, not a confirmed reversal yet.
#Bitcoin #BTCUpdate #BitcoinPrices #BTCETFFeeRace #US-IranTalks