In the daily timeframe, BTC appears bearish. It failed to reach the resistance trendline and was rejected after hitting $65k. The price in the hourly timeframe shows some support, but without sufficient inflow, this support may not hold.
In this chart, BTC is caught between support and resistance, and given the current market scenario, the price is leaning more toward the bearish side. The support trendline around $52.5k will be crucial if BTC drops further.
Be cautious and do thorough research before investing. If you're using leverage, make sure to set a stop loss.
Trade safely.
Regards,
Team Dexter.
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