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bitcoin:native Update
Bitcoin is bouncing after a strong sell-off from the $59.8K support zone, but the trend is still bearish overall.
Price is now approaching the 0.236 Fibonacci level ($64.7K). If BTC continues higher, the next key area to watch is the 0.5 Fibonacci level around $71K, which also aligns with the previously broken lower trendline.
That makes the $68K–$71K zone a major retest area. A rejection there could confirm the trendline flip from support to resistance and send BTC lower again.
For now, this looks more like a relief bounce than a confirmed reversal.
📌 Key levels:
• Resistance: $68K → $71K (Fib levels + trendline retest)
• Support: $59.8K
Will BTC reclaim the trendline, or is this just a bearish retest before another leg down? 👀
#BTC #Bitcoin #Crypto