Based on the 4-hour candlestick chart of (BTC), the market shows a downtrend followed by consolidation. The current price on the chart is around $68,135. The Stochastic RSI indicator is moving toward the lower zone, which suggests the market could experience short-term weakness or sideways movement before the next move.
Market Structure $BTC
Major Resistance: $70,000 – $72,000
Mid Resistance: $69,000
Major Support: $65,000
Strong Support: $60,000
Possible Buying (Order) Areas
These are zones where buyers may enter the market.
1. $66,000 – $65,000
Potential short-term bounce zone
Possible safe entry with confirmation
2. $62,000 – $60,000
Strong demand zone
Suitable for swing traders looking for accumulation
Possible Sell / Take-Profit Areas
If price moves upward, these zones may act as selling areas.
1. $69,000 – $70,000
Short-term resistance area
2. $72,000 – $74,000
Strong supply zone
Profit-taking likely here
Possible Next Moves
Scenario 1 (Most probable)
$68K → pullback to $66K → bounce toward $70K
Scenario 2
Break below $68K → test $65K → strong rebound
Scenario 3 (Bullish breakout)
Break above $69K → move toward $72K
Trading Tip
Wait for confirmation before entering trades
Always use stop-loss
Monitor volume and market news۔