Bitcoin Analysis for Next Move ‼️
On the daily chart, the overall market structure remains corrective and risky.
Key Support Levels
68,500 – 69,000 (short-term support)
66,200 – 67,000 (strong demand zone)
59,800 (major daily low)
Key Resistance Levels
72,300 (immediate resistance)
74,500 – 75,000 (previous breakdown zone)
Indicator Insight RSI (14) is around 34, bouncing from oversold levels but still showing weak momentum. Volume was strong during the sell-off and weaker during the bounce, which supports the idea of a corrective move rather than strong accumulation.
Outlook for Today & Tomorrow If Bitcoin holds above 69,000 and breaks 72,300 with a daily close, a move toward 74,500–75,000 is possible.
However, rejection near 72,000–72,300 could lead to a retest of 69,000 and potentially 66,500.
Summary This is a relief bounce, not a confirmed bullish reversal. Patience and confirmation are key in the current market.
Risk management first.
Educational purpose only.
Not financial advice.
#WhaleDeRiskETH #BTCMiningDifficultyDrop
