$BTC This kind of sell pressure doesn't look good. We swept the previous low and then closed below the bodies of the previous candles, showing continued weakness.



The current candle is now struggling to reclaim the 2W open level, which suggests there is still selling pressure present in the market.

That being said, I wouldn't rule out a retest of the 65.7k region. However, if we fail to reclaim that level, then a move towards 54.5k-48.8k becomes the most likely scenario before the end of the month.
BTC1.43%
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BlackBullion_Alpha
· 10m ago
Bull Run 🐂
Reply0
BlackBullion_Alpha
· 10m ago
HODL Tight 💪
Reply0
Re-StakingSucculents
· 1h ago
The end-of-month target of 48k is a bit far, but the 61.8% retracement level is indeed around there.
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0xLateBreakfast
· 1h ago
Waiting for a surge to recover 65.7k, otherwise I won't easily go long.
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TideEarningsTable
· 1h ago
Now is the critical point of the long-short battle, I prefer to be cautious.
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ReadingContractsUntilMyEyesAre
· 1h ago
Previously, the lows were swept and then collected below, a classic weak structure, those who understand, understand.
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BudgetValidator
· 1h ago
If you can't hold the 20,000 level, the mid-term trend needs to be reassessed.
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RektRecoveryCoach
· 1h ago
bodies closed below, the bears are in control of the rhythm, protect profits first
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SlippageAfterTheRain
· 1h ago
This trend makes me think of that wave from last year; will history repeat itself?
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RugpullTaster
· 1h ago
Reach 48k before the end of the month? A bit aggressive, but the technical indicators do support it.
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