$BTC #BTC 🚨‼️🚨BTCUSDT potentially dropping to $62,800?#Bitcoin❗ 🚨🚨🚨
#Bitcoin❗ Following yesterday's volatility, BTCUSDT continues its downward trajectory. The technical indicators still favor the bears, and the price is currently sliding at $65,400, marking a 1.59% drop for the day.
Current Market Overview:
Current Price: 65,400 USDT
Daily Decline: 1.59%
Technical Analysis:
Downward Momentum:
The recent trend shows BTCUSDT struggling to find support, with technical indicators pointing towards continued bearish sentiment.
Support and Resistance Levels:
Immediate Resistance: 66,800 USDT
Immediate Support: 64,970.6 USDT
Potential Support: 62,800 USDT
Indicators:
Trend Strength: Weak, indicating potential for further decline.
Pattern Analysis: Current chart patterns, including downtrends on various timeframes, suggest the bearish trend may persist.
Discussion Points:#bitcoin
Bearish Scenario: If the price breaks below the immediate support level of 64,970.6 USDT, we might see a drop towards 62,800 USDT.
Bullish Reversal: For a bullish reversal, watch for a break above 66,800 USDT with strong volume, which could indicate a potential trend change.
What do you think? Will BTCUSDT continue to slide to $62,800, or are we on the brink of a reversal? Share your insights and analysis! #Alert🔴 $BTC