Alright, let’s read this BTC/USDT daily chart calmly, no hype — just price action 📉📊

Current situation (from your chart)

Price: ~63,586

Strong dump from ~97,900 → 62,345

All MAs above price (MA7, MA25, MA99) → clear bearish trend

Very high volume on red candles → panic selling / capitulation zone

Major support hit: 62,000–60,500

This looks like a capitulation + first bounce area, not a trend reversal yet.

🔮 7-Day BTC Price Prediction (Technical)

🟥 Bearish continuation scenario (40% chance)

If BTC fails to hold 62k:

Next support: 60,500

Extreme wick possibility: 58,000

Expect slow bleed + weak bounces

📉 Range: 58,000 – 62,000

🟨 Sideways / Relief bounce (45% chance – MOST LIKELY)

After such a sharp dump, market usually:

Forms a base

Trades sideways

Gives a technical bounce

📈 Bounce targets:

66,500

69,000 (strong resistance)

Max stretch: 71,000

📊 Likely range for next 7 days:

👉 62,000 – 70,000

🟩 Bullish recovery (15% chance)

Only if:

Daily close above 71,000

Volume supports the move

📈 Targets:

74,500

78,000

❗ For now, this is less likely.

📌 Key Levels to Watch

Support

62,000

60,500

58,000 (last defense)

Resistance

66,500

69,000

71,000

75,800 (MA7 zone)

💡 Trading Insight

Not a good long-term buy yet

Scalp trades only until BTC reclaims 70k+

Best strategy now:

Wait for confirmation, don’t catch the falling knife

If you want, tell me:

Are you spot or futures trading?

Leverage or no leverage?

I’ll give you exact entry, SL & TP levels 🔥#WhenWillBTCRebound #TrumpEndsShutdown #USIranStandoff #EthereumLayer2Rethink? #WhaleDeRiskETH $BTC $ETH $BNB