📊 Current Bitcoin Update:
I've received many messages asking about Bitcoin's next move, so here's my analysis:
Key Level: Bitcoin price has hit the bearish Order Block (OB) at $58,000 three times, making this level weak.
Next Target: High chances to hit the next bearish OB at $62,000-$63,000.
Expectations:
Scenario 1: Bitcoin may dump from OB1 ($58,000) or OB2 ($62,000-$63,000).
Scenario 2: If Bitcoin closes above $63,850, this structure becomes invalid.
Strong Expectation: If Bitcoin doesn't break $63,850, I'm strongly expecting the price to drop below $50,000.
Trading Advice:
Trade with confirmation.
If Bitcoin hits the $62,000-$63,000 bearish OB, closely watch how it reacts at that level.
Stay alert and trade wisely!