BTC Halving Aftershock: Is a Retest to $57K on the Cards?
Post Content:
The recent Bitcoin halving has sparked bullish sentiment, but price action tells a more cautious tale.
After peaking near $66K, BTC is consolidating below the $64K resistance zone, and the daily RSI is cooling off โ currently hovering near 50, indicating neutral momentum.
Key levels to watch:
Support: $60,200 and $57,800 (confluence with 100-day EMA)
Resistance: $64,300 and $68,000
Bearish Scenario:
๐ป A break below $60K could lead to a retest of the $57K zone, especially if volume continues to decline.
Bullish Catalyst:
๐ Sustained ETF inflows or a surprise macro event (like dovish Fed talk) could catapult BTC above $68K and reignite the bull run.
My Take:
๐ง I'm cautiously bullish, but keeping a tight stop at $59.5K.
๐๏ธ Watch the US jobs data on Friday โ it could be the spark that drives the next move.
Question for you:
๐ค Are you buying this dip or waiting for sub-$58K levels?
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