BTC suggests potential reversal! After the downward sweep, are buyers ready to fight back?
Market dynamics: Bitcoin is testing a potential reversal area after the downward sweep. If buyers respond from here, a corrective upward movement may gradually unfold.
Technical perspective:
• Pattern: Extended descending channel, liquidity sweep in the support area
• Bias: Bullish inclination, provided that buyers defend the lower boundary
• Key levels: Focus on the support in the 63,000–65,000 range and the descending resistance above
The market is at a critical moment, and once broken, it may bring about a new wave of upward opportunities.
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