Hello traders,
Bitcoin is showing signs of structural weakness after failing to hold the Weekly Open. This rejection suggests the market is entering a "New Range" phase, with the potential for a deeper correction if bulls can't reclaim key pivots
💡Trade Sentiment
The close below the Weekly Open is a bearish signal in the short term. We are likely looking at two main scenarios:
Range Bound: Price chops between $66k and $67.8k to build liquidity.
A Rejection: A weak move into the $67.3k area followed by a sharp rejection, confirming a move toward the $63k-$64k
🔑 Key Levels to Watch
Resistance: $67,300 - $67,865 - $71,359 – $72,000
Support: $65,979 - $64,000 – $63,000
Bitcoin is showing signs of structural weakness after failing to hold the Weekly Open. This rejection suggests the market is entering a "New Range" phase, with the potential for a deeper correction if bulls can't reclaim key pivots
💡Trade Sentiment
The close below the Weekly Open is a bearish signal in the short term. We are likely looking at two main scenarios:
Range Bound: Price chops between $66k and $67.8k to build liquidity.
A Rejection: A weak move into the $67.3k area followed by a sharp rejection, confirming a move toward the $63k-$64k
🔑 Key Levels to Watch
Resistance: $67,300 - $67,865 - $71,359 – $72,000
Support: $65,979 - $64,000 – $63,000
Trade active
We got a perfect rejection from the weekly open, confirming the new range
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🧠 Discipline is non-negotiable.
✅FREE crypto signals:
t.me/VIPCryptoVault
Best Crypto Exchange Worldwide
shorturl.at/a1O3x
✅Benifits: 15% FREE Deposit Bonus
Up to 35% trading-fee rebates
✅FREE crypto signals:
t.me/VIPCryptoVault
Best Crypto Exchange Worldwide
shorturl.at/a1O3x
✅Benifits: 15% FREE Deposit Bonus
Up to 35% trading-fee rebates
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.