🔸Brothers, Holders must be anxious when seeing the red dominating the market these days.$BTC Currently under short-term selling pressure after losing the important support level in the middle of the price channel.
However, brothers, stay calm and don't panic. The market structure has not been broken yet. This is essentially just a technical adjustment and a rotation to seek deeper liquidity before gaining momentum to continue flying.
🔸The focus right now is all on the $65,000 price zone. Why is this number important? This is a very nice confluence point between two technically significant factors: the bottom of the uptrend channel and the Fibonacci level of 0.618.
In the past, such confluence zones have often served as very strong launch pads for the price to create a local bottom and trigger a strong recovery.
🔸Another positive signal is that despite the price drop, we have not seen a massive or panic sell-off. The selling pressure is being controlled quite well.
The task for you guys now is to patiently observe the $65k region. As soon as we see strong buying volume appear here to confirm demand, we can confidently enter a Long position or Spot trade to catch the rebound.
What do you think?
Is returning to 65K a gift from God or a trap to break down to 60K? Have you bulls prepared your ammunition to defend this level? Comment your battle plan below!