🚨 $BTC 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗨𝗽𝗱𝗮𝘁𝗲 🚨

Current Trend: $BTC has been testing a key resistance level multiple times over the past few weeks, consistently approaching but not breaking above the resistance line at approximately $66,000.

𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Resistance Level: $66,000

Support Level: $59,000

The recent price action shows $BTC oscillating between $59,000 and $66,000, forming what appears to be a consolidation pattern.

Several attempts to breach the $66,000 mark suggest strong selling pressure at this level.

𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭:

Long Trade: If BTC successfully breaks above the $66,000 resistance level with significant trading volume, it might signal a strong bullish momentum. Consider setting targets at $68,000 and $70,000, with a stop loss just below $65,000.

Short Trade: Should BTC fail to break the resistance and instead drop below $59,000, a short position could be advantageous. Potential targets could be set at $57,000 and $55,000, with a stop loss just above $60,000.

Market Sentiment: The market is showing a mix of optimism and caution. Traders are advised to watch for a decisive breakout above the resistance or a breakdown below the support to confirm the next significant move.

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