BTC/USDT: THE $65,300 BREAKOUT EXPANSION!
Holding firm above local breakout support at 63,577.69! Are you panic-selling this move, or locked in for the multi-wave rally to horizontal resistance? 🤔
Holding firm above local breakout support at 63,577.69! Are you panic-selling this move, or locked in for the multi-wave rally to horizontal resistance? 🤔
Bitcoin is currently trading around the 63,200 area and sitting at an important decision point. The chart shows a short-term bearish correction after price was rejected from the 65,200–65,300 resistance zone. Sellers have taken control in the near term, while buyers are attempting to defend the 63,500–63,800 area and prevent a deeper correction.
BTCUSD – H4 has rejected the major resistance zone and is showing clear signs of weakening bullish momentum. Price is currently trading around 63,088, below the nearby resistance area, while the bearish order block and descending structure suggest sellers are gaining control.