$BTC / $USDT Technical View 📊

The chart shows Bitcoin moving within a broader downtrend structure. Price respected descending resistance earlier, followed by a clear impulsive move downward marked by wave (i) through (iii). After the sharp sell-off, we see a temporary bounce from the local low around the marked support zone.

The projected path suggests a possible corrective move (iv), potentially pushing price slightly higher before another move (v). This implies the current recovery may be relief rather than full trend reversal. Key focus remains on whether resistance rejects price again.

Traders should watch reaction at nearby resistance and liquidity zones. Volatility remains high.

BTCUSDT

Perp

66,270.4

-1.52%

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