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🚨 Bitcoin at a Critical Zone! 🚨
$BTC is trading near 60.9K after a strong rejection from the 63.7K resistance area. On the 4H chart, price remains below the MA10 and MA30, showing that bears still control the short-term trend. MACD stays negative, while RSI is hovering near oversold territory, suggesting a possible relief bounce before the next major move.
📊 Key Levels:
🔹 Support: 59K – 60K
🔹 Major Support: 56.7K
🔹 Resistance: 63.7K – 64K
🔹 Breakout Target: 68K+
My view: As long as BTC remains below 64K, traders should stay cautious. A reclaim of 64K could trigger strong bullish momentum, while losing 59K may open the door for another sharp sell-off. Risk management is everything in this market.
Follow for high-probability crypto setups and technical analysis updates. 🔥
#Bitcoin #BTC #CryptoTrading #Altcoins #TechnicalAnalysis