Bitcoin Technical Analysis

BTC/USD Chart Overview 📈

The attached 4-hour BTC/USD chart shows the following key points:

Current Price: $67,509.99 💵

Recent High: ~$69,000 🏔️

Support Zones: ~$65,000 and ~$62,000 🛡️

Resistance Zones: ~$70,000 and ~$72,000 🚧

Price Action

Bitcoin has recently faced resistance at around $69,000 and is currently experiencing a minor pullback. Key support levels to watch are around $65,000, which previously acted as resistance and might now serve as support.

Trading Strategy

Given the current market sentiment (Greed), traders should be cautious of potential corrections ⚠️. However, if the price manages to break above the $69,000 resistance, the next target could be $72,000 🎯. On the downside, a break below $65,000 could lead to further declines towards $62,000 🔻