$BTC is trading around 60,191, showing continued weakness on the 1H timeframe. Price remains below the short-term and mid-term moving averages, signaling that sellers still have the upper hand. The recent bounce from 59,130 failed to reclaim key resistance zones, keeping downside pressure active.
📊 Market Overview
• Short-term trend: Bearish 📉
• Momentum: Weak recovery attempts getting rejected
• MA(7) below MA(25), both below MA(99) = bearish structure
• Volatility remains elevated as traders react to key support levels
🎯 Trade Targets
✅ Bullish Scenario:
Target 1: 60,800
Target 2: 61,500
Target 3: 62,650
❌ Bearish Scenario:
Target 1: 59,500
Target 2: 59,130
Target 3: 58,300
🛡 Key Support Zones
59,500
59,130
58,300
🚧 Key Resistance Zones
60,800
61,500
62,650
💡 Pro Tips
🔥 Never chase red candles into support.
🔥 Wait for confirmation before entering breakout trades.
🔥 Keep risk below 2% per trade.
🔥 Volume expansion near support can signal a reversal.
🔥 Trend remains bearish until price reclaims major resistance levels.
⚡ The battle zone is between 59,130–60,800. A breakdown could accelerate selling pressure, while a strong reclaim above resistance may trigger a relief rally. Stay disciplined and let the market reveal its next move.
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