$BTC
đ $BTC IS STARTING TO LOOK HEAVY â BUT THE OBVIOUS MOVE ISNâT ALWAYS THE REAL ONE đ
Bitcoin has lost the weekly open around $63,550, putting the downside structure back in focus.
The immediate levels Iâm watching:
đ» $62,228 â potential liquidity / stop zone
đ» $61,806 â next downside target
đ» $61,300 â deeper support
A sweep below these levels wouldnât be surprising if selling pressure continues.
On both the Daily and Weekly charts, the structure currently looks bearish. But thereâs an important catch:
Markets rarely make the most obvious move without creating a few traps along the way.
Iâve been watching the ~$60.8K area since early July, and that level still looks like a major liquidity magnet.
The difference now?
Back then, a dip toward $60.8K could have offered a stronger bounce setup. Today, the structure looks more fragile.
â ïž If $60.8K fails decisively, the downside could potentially accelerate toward the $44Kâ$48K region.
đŻ Key Levels
Above: $63.5K â $64K â $64.7K
Below: $62,228 â $61,806 â $61,300
The bearish case is clearâbut so is the risk of a fake breakdown.
Watch the liquidity, not just the candles. đ
$ACE
$AKE
#btc
đ $BTC IS STARTING TO LOOK HEAVY â BUT THE OBVIOUS MOVE ISNâT ALWAYS THE REAL ONE đ
Bitcoin has lost the weekly open around $63,550, putting the downside structure back in focus.
The immediate levels Iâm watching:
đ» $62,228 â potential liquidity / stop zone
đ» $61,806 â next downside target
đ» $61,300 â deeper support
A sweep below these levels wouldnât be surprising if selling pressure continues.
On both the Daily and Weekly charts, the structure currently looks bearish. But thereâs an important catch:
Markets rarely make the most obvious move without creating a few traps along the way.
Iâve been watching the ~$60.8K area since early July, and that level still looks like a major liquidity magnet.
The difference now?
Back then, a dip toward $60.8K could have offered a stronger bounce setup. Today, the structure looks more fragile.
â ïž If $60.8K fails decisively, the downside could potentially accelerate toward the $44Kâ$48K region.
đŻ Key Levels
Above: $63.5K â $64K â $64.7K
Below: $62,228 â $61,806 â $61,300
The bearish case is clearâbut so is the risk of a fake breakdown.
Watch the liquidity, not just the candles. đ
$ACE
$AKE
#btc
