BTC Weakness Signals Potential Downside—Key Levels to Watch
Updated
Yello, Paradisers! Are we on the verge of a significant move in #Bitcoin, or will we continue to range within these tight boundaries? Here’s what we’re seeing in the charts right now:
💎#BTC has been stuck in a narrow intraday range. We're holding at the macro range low, but as long as BTCUSDT remains above $58,000 on a closing basis, we’re still in a relatively safe zone.
💎On the micro level, BTCUSDT.P is showing signs of weakness. Despite attempts to rally, the price hasn't managed to close above the $61,580 level—a critical range low zone. This indicates a potential lack of strength in the current price action.
💎A 1-hour order block has formed around $59,617, which BTC is likely to test soon.
💎A significant demand zone lies between $57,289 and $56,653. If BTC moves down to this area, we could see a bounce back to reclaim the internal range low, which has probability to happen.
💎If BTC reclaims the internal range low, expect resistance at both the order block around $59,617 and the macro range low at $61,363.
💎A strong candle close above the macro range low, accompanied by significant volume, could indicate a shift in trend, paving the way for a more bullish outlook.
💎On the flip side, if BTC closes below the demand zone, we might be looking at a deeper discount, with the potential for further downside.
Stay vigilant, Paradisers! The next few moves in BTC will be crucial in determining the trend. Keep your eyes on these key levels and prepare to adjust your strategies accordingly .Discipline and patience will be your best allies in navigating this market.
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO
MyCryptoParadise
iFeel the success🌴
💎#BTC has been stuck in a narrow intraday range. We're holding at the macro range low, but as long as BTCUSDT remains above $58,000 on a closing basis, we’re still in a relatively safe zone.
💎On the micro level, BTCUSDT.P is showing signs of weakness. Despite attempts to rally, the price hasn't managed to close above the $61,580 level—a critical range low zone. This indicates a potential lack of strength in the current price action.
💎A 1-hour order block has formed around $59,617, which BTC is likely to test soon.
💎A significant demand zone lies between $57,289 and $56,653. If BTC moves down to this area, we could see a bounce back to reclaim the internal range low, which has probability to happen.
💎If BTC reclaims the internal range low, expect resistance at both the order block around $59,617 and the macro range low at $61,363.
💎A strong candle close above the macro range low, accompanied by significant volume, could indicate a shift in trend, paving the way for a more bullish outlook.
💎On the flip side, if BTC closes below the demand zone, we might be looking at a deeper discount, with the potential for further downside.
Stay vigilant, Paradisers! The next few moves in BTC will be crucial in determining the trend. Keep your eyes on these key levels and prepare to adjust your strategies accordingly .Discipline and patience will be your best allies in navigating this market.
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO
MyCryptoParadise
iFeel the success🌴
Note
BINGO! #BTCUSDT just did what we predicted. Moved 6.34% after taped into demand zone. Faced minor resistance and retraced back.
Trade closed: target reached
As predicted, Bitcoin has made a solid upward push, gaining 8.35%. But the question remains—are we at the start of a larger rally, or should we brace for a pullback?
The next few days will be crucial. Watch for volume and market sentiment to guide the next move. A continuation of strong momentum could push BTC to new heights, while any signs of weakening could indicate a short-term correction.
Stay focused and strategic—this is the time to be on your toes.
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