Bitcoin at a Critical Decision Zone – Don't Trade Blindly!

BTC is showing short-term weakness on the 4H chart after failing to hold above recent highs. Price is trading around $64,883, while MA5, MA10, and MA30 are all above the current price, signaling bearish pressure in the short term. MACD momentum is fading, and RSI has cooled, suggesting buyers are losing control. A strong bounce from support is needed before bulls can regain momentum.

📊 Technical Outlook (4H):

Current Price: $64,883

Resistance: $65,400 – $66,300

Major Resistance: $67,200

Support: $64,600

Strong Support: $63,800 – $63,200

📈 Trade Plan:
Bullish Scenario: A 4H candle closing above $65,400 could trigger a move toward $66,300 and $67,200.
Bearish Scenario: Losing $64,600 may lead to a decline toward $63,800 or even $63,200.

⚠️ Wait for confirmation before entering a trade. Avoid chasing the market and always use proper risk management.

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