Recent Rejection and Retracement:
BTC faced rejection near $67,200 and retraced to $62,000, highlighting the importance of the support zone between $60,000 - $61,500.
Critical Support Level:
The support between $60,000 - $61,500 must hold to avoid potential further decline. A breach could lead to testing lower levels such as $56,000 - $58,000 or $52,000 - $53,800.
Market Sentiment:
May historically witnesses price downturns, raising caution.
BTC's movement may influence broader market trends.
๐ Caution Ahead:
Maintain vigilance as BTC navigates critical support levels. Market sentiment may impact asset prices accordingly.
๐๐ Stay informed and observant of market dynamics! #BTCAnalysis #CryptoMarket ๐๐
BTC faced rejection near $67,200 and retraced to $62,000, highlighting the importance of the support zone between $60,000 - $61,500.
Critical Support Level:
The support between $60,000 - $61,500 must hold to avoid potential further decline. A breach could lead to testing lower levels such as $56,000 - $58,000 or $52,000 - $53,800.
Market Sentiment:
May historically witnesses price downturns, raising caution.
BTC's movement may influence broader market trends.
๐ Caution Ahead:
Maintain vigilance as BTC navigates critical support levels. Market sentiment may impact asset prices accordingly.
๐๐ Stay informed and observant of market dynamics! #BTCAnalysis #CryptoMarket ๐๐