Good morning, traders! š I hope youāve been locking in profits by following our previous analyses! If you're still here, you already know how to stay ahead of market moves. Donāt forget to smash that follow button! ā
Now, let's talk $BTC, which is currently trading at $60,800.
Iāve included charts for 1D, 4H, and even a heatmap analysis below for your reference. š
š Based on my analysis, a correction to $60,000 or even as low as $59,750 seems likely in the coming hours. If the support at $59,750 holds, we might see another pump with targets at $62,000 and potentially $66,000.
If the support at $59,750 not holds what will happen next ? i will breakdown here...
š On the flip side, failing to maintain $59,750 support could open the door for further downside, with targets at $59,177, $58,000, and even $57,650.
Key Liquidation Zones:
š SHORT liquidation orders are stacked at $62,000.
š LONG liquidation orders are sitting heavy around $58,000, with around $635M in play.
Whales are playing both sides hereāfirst hunting the downside before sweeping liquidity on the upside. But with the PREBULL period approaching, could we see a new all-time high (ATH)? what you think?š
1D Chart Analysis:
$BTC is trading within a Symmetrical Triangle on the 1D chart. The price action suggests a potential pump followed by a retest of the trendline. A successful retest could send the price shooting towards $66,000 and maybe even $68,000! šÆ
š Resistance: $62,000
šSupport: $60,000
4H-Chart Analysis
$BTC is trying to hold above $60,800 with 1D 200EMA support. Weāre seeing a pattern of short retracements that could either signal a bounce or a deeper pullback. The key support level here is around $60,000, which weāre currently testing. If the bulls defend this level, we might see a rebound back toward $62,000+ soon! But if the price dips below, $59,780 could be the next stop Fib 50%.
š Resistance: $61,820
š Support: $60,800
Considering the retest, here are two likely scenarios:
A successful retest of support could lead to a rally towards $66,000 or higher.
If the retest fails, we may see a dip towards $59,177 or even $57,650.
Even though 20,000 people might see this, only 1% will hit that follow and like button. Are you one of them? I sure hope so! š Letās keep grinding, and I'll see you in the next update!