๐ BTCUSD Market Structure Analysis
Bitcoin recently bounced from the key support area around 63,700โ64,000. However, price is now approaching a previous bullish reaction zone, which may act as resistance after the recent breakdown.
I'm watching this area for a possible bearish rejection. If sellers regain control, BTC could continue its downside movement toward lower liquidity areas.
Key levels:
๐ด Resistance / rejection zone: Previous bullish reaction area
๐ข Support: 63,700โ64,000
Confirmation from price action will be important before considering the next move.
MQL5 ํ๋กํ
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