BTC/USD Buyers Panic : Bearish Move Expected**
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BTCUSD is currently trading around the **60,205** pivot level, signalling a high likelihood of further decline.
Both the **Super Trend** and **Pivot HL** indicators are flashing strong bearish signals, indicating that the market may continue its downward momentum.
The price has struggled to break above resistance at **61,000**, reinforcing the bearish sentiment.
The immediate target for this drop is **58,302**, with a recommended stop-loss set at **61,331** to mitigate risk.
A failure to hold support at the current pivot level could lead to a further decline towards the **56,000** range in the short term, increasing selling pressure.
The **Pivot Point** indicator, used in technical analysis, measures price trends over multiple time frames, helping traders identify shifts in the overall market.
Currently, all signs point toward continued weakness for BTCUSD.
Conclusion :
With technical indicators supporting a bearish trend, BTCUSD could see further declines towards **58,302** and potentially lower. Traders should remain cautious, follow their strategies, and implement stop-loss measures to navigate this volatile market.
