📊 Bitcoin AnalysisExplanationBitcoin is currently trading around 69,800, and the market sentiment appears sideways and slightly weak. The price has been moving within a range for quite some time, with sellers active at the top and buyers providing support at the bottom.
The chart clearly shows that:
69,500 – 70,200 is an important resistance + supply zone.
The price is repeatedly being rejected from here.
This means sellers are active at this level.
Downwards:
62,500 – 60,000 is a strong demand/support zone.
There has already been a strong bounce from here.
If the price reaches there, buyers may become active again.
The candles currently forming indicate that the market is confused – neither a strong breakout nor a strong breakdown.
🧠 What should be done now? (Clear Trade Plan)
🔴 Scenario 1: Sell Plan (More Safe Now)
Sell Entry: 69,800 – 70,200
Stop Loss: Above 71,200
Targets:
T1: 67,500
T2: 65,000
T3: 62,500
👉 Because this area is resistance and rejection is coming, the sell side seems more logical.
🟢 Scenario 2: Buy Plan (Only Below)
Buy Entry: 62,500 – 60,500 zone
Stop Loss: Below 59,300
Targets:
T1: 65,000
T2: 67,500
T3: 69,500$BTC #BitcoinGoogleSearchesSurge
👉 This is a strong demand zone, with good chances of a bounce from here.
⚠️ Important Advice (from the heart)
Buying in the middle right now is risky.
Don't get FOMO, let the price reach its level.
Always use a stop-loss.
Don't enter without confirmation.
🧾 Short Summary (Easy for everyone)
Bitcoin is currently in a range. There is strong resistance above, and strong support below.
Sell on resistance, buy on support — avoid trading in between.$BTC