Btcusdt TA đ„
BTCUSDT
A pullback into an area of support ( 60k-61k ) isn't bad but this happening after a reclaim of the lower high at 65k which is technically a bearish sign on the daily timeframe.
Losing 60k will be a worrisome look.
The monthly timeframe is still the same . Bullish but no momentum . A non- technical reasoning could be the rising geo-political tensions in the world and the investors aren't motivated enough to invest.
The weekly timeframe is also bullish still because of a failed breakdown earlier and the month has only just started so , depending how this weekly candle closes will decide much of a directional bias if taking a new trade position .
Overall, higher timeframes remain bullish and daily timeframe has some bearish signs.
This week should be a deciding one and I could further discuss the chart . For now I'm more concerned about 60k level .