What caught my attention on the chart is:
BTC broke its upward trend structure with the last drop and formed a "lower low" in the short term.
The price is now testing the supply zone (SP Fill) in the 62.1K ‑ 62.4K area.
In my view, the real question is:
Can this zone be retaken?
If the 62.1K ‑ 62.4K zone is strongly reclaimed, the market can breathe again towards the 64K+ region.
However, if rejected, the BOS level around 61K and subsequently the psychological support at 60K may come into play.
Especially, I don’t want to be overly aggressive on direction before a volume breakout occurs in this area.
For now I am watching:
- Resistance zone at 62.1K ‑ 62.4K
- Support zone at 61K
- Psychological level at 60K
The next few candles seem to provide important clues for short‑term direction.
This is not investment advice.
#BTC #Bitcoin #Crypto #Trading
