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A lot of people were celebrating the move up... but did Bitcoin just show its real direction?
$BTC is finally giving the reaction I was waiting for.
After nearly a week of steady upside pressure and growing confidence across the market, Bitcoin has now printed a strong bearish candle. More importantly, the candle that followed is also showing weakness.
That tells me the pressure is starting to shift.
Just a few days ago, traders were calling for higher prices and talking about buying every dip. But this move never looked completely convincing to me.
Now BTC has already pulled back from the upper range toward the $64K area. If this weakness continues, the next zones I'm watching are around $63K and then $62K.
For me, this is not a spot to jump into dip buys without confirmation.
When price gets rejected from a major area and starts losing momentum, it often looks for liquidity lower before any meaningful recovery can happen.
The story on the chart is straightforward.
Bitcoin rallied, pulled in late buyers, failed to keep pushing higher, and now sellers are gradually gaining control.
If $64K gives way, the path toward $63K and even $62K could open up much more clearly.
Stay cautious.
Right now, this market is not rewarding emotional decisions.
BTC still looks weak to me, and I believe more downside pressure could come before any genuine bullish recovery starts.
#PredictWorldCup🇨🇦vs🇶🇦 #TradFiCFDGoldMasters