๐ BTC/USDT โ Bearish Reversal from Resistance ๐จ
Bitcoin ($BTC) faced strong rejection near the $61,200 resistance zone and is now showing signs of a bearish reversal. ๐ Sellers are stepping in, pushing price toward the $59,500 support.
๐ Key Technical Points:
โ Failed breakout above resistance
๐ Lower highs forming on the 4H chart
โ ๏ธ Risk of drop toward $58,800 if support breaks
๐ก Traderโs Note: Watch for a confirmed close below $59,500 to validate the bearish momentum. Bulls need a push back above $61,200 to regain control.
Are you buying the dip or waiting for further downside? ๐ฌ
