$BTC Consolidation at Support - Rebound or Further Decline?
BTC is currently trading at $67,614.90. The chart indicates that BTC has experienced a recent decline and is now consolidating around a key support level. Its immediate movement will determine if it can find a floor and attempt a rebound or if bearish momentum will push it to lower levels.
Key Levels to Watch:
Resistance: $67,650 (immediate resistance, just above current price) and $67,700 (stronger resistance from recent highs).
Support: $67,614.90 (current price, immediate
support) and $67,550 (next support below).
Trade Setup - Anticipate a Directional Move!
Bullish Entry: A confirmed move and sustain above $67,650 could target:
Target 1: $67,700
Target 2: $67,750 (approx.)
Bearish Entry: A break below $67,614.90 could target:
Target 1: $67,550 (approx.)
Target 2: $67,500 (approx.)
BTC is consolidating at a key support after a decline. A rebound is possible if support holds, but a breakdown below $67,614.90 could lead to further losses.
