The market is rejecting from the 70k to 71k zone as anticipated, suggesting a potential downward trajectory. We maintain our midterm target around 52k, with short-term consolidation expected near 66k. Monitoring closely for further developments. Stay tuned 🤝
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Bearish
Last month, I highlighted the potential for a downside move once #BTC reached the 70k zone. However, the market fell short of this level, leaving it as an unmitigated zone. Currently, the market is approaching this unmitigated order block near 70k.
We anticipate that upon reaching this level, the market will likely face rejection and commence a downward trajectory. This aligns with our midterm market outlook, targeting a price range around 52k. But now we expect the market at 66k for the short-term
Stay tuned for further updates as the market progresses towards these key levels.
#KeepyourFundSafe
We anticipate that upon reaching this level, the market will likely face rejection and commence a downward trajectory. This aligns with our midterm market outlook, targeting a price range around 52k. But now we expect the market at 66k for the short-term
Stay tuned for further updates as the market progresses towards these key levels.
#KeepyourFundSafe
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