Tech Mirza

Not much has changed in Bitcoin's price action this week, so there's no need to overcomplicate the analysis.
From a higher timeframe perspective, the weekly chart continues to favor the bears. The key $65,000–$67,000 resistance zone that we've discussed in previous weekly updates once again acted as a strong barrier, rejecting price and preventing any meaningful bullish continuation. This rejection reinforces the idea that buyers are still struggling to gain control of the market.
What surprises me most is the extremely bullish sentiment across social media. Many traders seem convinced that a major breakout is imminent, yet the chart itself isn't providing that confirmation. Price has barely made any significant progress, and the overall weekly structure remains bearish.
Even if Bitcoin manages to push higher toward the $70,000–$72,000 region, it would not significantly alter the broader weekly trend. Until we see a decisive shift in market structure, I see little reason to chase green candles or get caught up in the hype.
🔍 Lower Timeframe Analysis
Last week, Bitcoin was trading around $67,000, and I mentioned that any signs of weakness from that level could trigger a move back toward the $60,000–$62,000 support zone. That's exactly what happened, with price falling to approximately $62,200 before finding buyers.
At the moment, Bitcoin remains trapped in a clear trading range:
🔴 Major Resistance: $67,000
🟢 Major Support: $60,000–$62,000
As long as price remains inside this range, the market is essentially moving sideways. For me, this remains a no-trade zone, as risk-to-reward opportunities are limited while the market lacks clear direction.
The next major move will likely come from a breakout of this range:
⬆️ A break above $67,000 could open the door for further upside continuation.
⬇️ A breakdown below $60,000–$62,000 could trigger another wave of selling pressure and continue the broader bearish trend.
Until one of those
levels gives way, patience remains the best strategy. Let the market show its hand first—there's no need to force trades when the chart is still undecided.
#BTC #Bitcoin #Trading #CryptoMarket #TechnicalAnalysis $BTC

After trapping late buyers near $67K, Bitcoin saw a sharp rejection and dropped to approximately $62.6K. Since then, price has been consolidating around the $63K region, showing signs of range-bound activity rather than a clear directional move.
From my perspective, the upside liquidity has already been cleared, and the market is now gradually shifting its focus toward the liquidity resting below current price levels. There are still significant liquidation clusters stacked beneath us, which makes lower targets increasingly attractive.
🎯 Key Retest Levels I'm Watching
Before any major continuation to the downside, I believe Bitcoin may attempt a relief rally into one of these areas:
🔹 $63.7K – Market Point of Control (mPOC)
🔹 $65.6K – Extended retest zone + Order Block (OB)
Personally, I'll be paying close attention to the $65.6K region for potential scalp short opportunities, with a primary downside target around $60K.
📈 Bounce Zone Still Matters
In my previous analyses, I highlighted the $61.2K–$61.8K area as a major bounce zone because of the substantial bids that appeared there.
Historically, when buy-side liquidity of that size enters the market, price tends to respect the level and produce at least a temporary rebound. That's why I still expect Bitcoin to hold this zone if revisited and potentially rally back toward the retest levels.
If price drops into the bounce zone, I may consider opening hedge longs against my larger swing short position, targeting the retest areas before looking for further downside continuation.
🔍 Higher Time Frame Outlook
While short-term price action remains choppy and range-bound, my higher-time-frame view remains unchanged.
I continue to expect Bitcoin to eventually break below the current range structure, pushing into the low $50K region, where I believe the bear market could form its final bottom.
📌 Summary
• Price trapped buyers at $67K and rejected to $62.6K
• Market remains consolidating around $63K
• Watching $63.7K and $65.6K for retests
• Potential scalp shorts from $65.6K targeting $60K
• Bounce zone remains $61.2K–$61.8K
• HTF bias remains bearish toward the low $50Ks
For now, not much has changed. Bitcoin is still ranging around $63K, and the overall game plan remains exactly the same. Patience is key while the market decides its next major move. 🚀📉
#BTC #Crypto #BTCUSDT #Trading #CryptoTrading

🔥
The U.S. secured a 2–0 victory today, but let’s be honest—that result doesn’t affect our portfolios. What matters is where the market is heading, and after reviewing the charts and overall sentiment, here are my current views:
🟢 1. Bitcoin ($BTC) — LONG
📈 Trend: Recovery Phase / Bullish Momentum Building
🎯 Short-Term Target: $64,xxx
🎯 Long-Term Target: $65,300 – $67,000
Bitcoin has shown strong signs of recovery after defending key support levels. Market structure is gradually shifting back into bullish territory, and most projections currently favor additional upside from this zone.
As long as no major negative macroeconomic or geopolitical news enters the market, BTC appears positioned for a continuation move higher. For now, attempting to short Bitcoin is a high-risk strategy, as momentum is clearly leaning in favor of the bulls.
🔴 2. Gold ($XAU) — SHORT
📉 Trend: Ongoing Bearish Momentum
🎯 Short-Term Target: 30–50 Points From Entry
🎯 Long-Term Target: Below $4,000
Gold continues to show weakness across multiple timeframes. While many traders are trying to call the bottom, catching falling knives can be extremely dangerous.
The trend remains bearish, and until clear signs of reversal appear, short positions continue to offer better probability setups than aggressive longs. Remember: the trend is king, and fighting it often leads to unnecessary losses.
⚠️ 3. $RE — NO TRADE / STAY PATIENT
📈 Trend: Strong Bullish Momentum
📊 Funding Rate: Turned Bullish Again
$RE continues to display impressive strength, and funding has once again shifted in favor of buyers, suggesting the possibility of further upside.
However, discipline matters more than FOMO.
After being stopped out twice at $0.64 and $0.85, chasing another entry simply because the price keeps moving higher is not a smart strategy. Sometimes the best trade is no trade at all.
Protect your capital, avoid revenge trading, and wait for a fresh high-probability setup instead of forcing a third attempt.
💡 Final Thoughts: • BTC → Bullish 📈 • XAU → Bearish 📉 • RE → Stay on the sidelines ⏸️
Trade smart, manage risk, and remember that preserving capital is just as important as making profits.
#BTC #Bitcoin #TradingCommunity #TradingSignals #TradingStrategies💼💰