$BTC After four months, price has finally filled the capitulation wick at $60k.



During that move, we saw price briefly wick below $60k to take out the remaining liquidity that was sitting underneath, followed by a bounce and acceptance back above.

The key level to watch from here is the $64k-$66k zone. This area acted as major support throughout the previous range and could now turn into resistance during a potential bearish retest.

In case of a rejection, price will most likely revisit $60k quickly. Should bearish momentum remain strong enough afterwards, there is a decent chance of a continuation lower towards our next key support level at $54k.

If BTC, on the other hand, manages to reclaim this zone, we should at least see a continuation towards $68k before price potentially forms a lower high.

Either way, I don't believe this correction is over yet. I still think there is more downside left before BTC eventually forms its bottom.
BTC1.48%
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SudoSage
· 40m ago
If $66k can't be reached, the bears will need to continue exerting effort.
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BoredInBlockspace
· 1h ago
Now reclaiming 66k is the only way out for the bulls.
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VinylRadio
· 1h ago
This round of liquidity injection has completely drained the liquidity below.
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SushiLatency
· 1h ago
Short-term rebound does not change the medium-term adjustment trend, be cautious
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RefrigeratorMagnetContract
· 1h ago
60k liquidity grab was clean, now 64-66k is the real test
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BribeCoffee
· 1h ago
bearish retest如果失败,54k见
Reply0
ByteSizedAlpha
· 1h ago
$68k target only if 66k breaks, otherwise rekt
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DegenWithNotebook
· 1h ago
Wait for a clear bottom structure before entering the market.
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SeaSaltAirdropNotes
· 1h ago
60k wick filled but structure still weak
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ColdWalletFitnessCoach
· 1h ago
It still feels like it will fluctuate for a while longer, the bottom hasn't appeared yet.
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