$BTC Holding Major Support, But Bears Still Control The Bigger Picture 👀
BTC is currently trading inside the most important HTF support zone on my chart between $60K-$54K. Buyers are defending the area for now, but the market still hasn't shown enough strength to confirm that the correction is over.
The rejection from the $82K-$89K premium zone remains valid, and that area continues to be my main supply region. As long as BTC stays below major HTF resistance, the broader structure remains bearish despite short-term bounces.
Right now, Bitcoin is stuck between support at $60K-$54K and resistance around $69K-$72K. If support holds, a relief rally toward resistance is possible. If support breaks, the next liquidity targets sit around $54K and potentially the $44K-$40K region.
For now, nothing has changed. I'm still watching for weakness into rallies rather than chasing longs. The key battle remains at $60K-$54K, and price reaction there will likely decide the next major move.
Analysis by Leo524.
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