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Bearish

🚨 $BTC Urgent Analysis 🚨


🔹 Current Situation:#Bitcoin has faced rejection at a higher high (HH) and is testing the resistance trendline (TL).


🔸 Bearish Scenario:There’s a possibility that #BTC may retest the $57,000 range.


🔹 Key Levels to Watch:

➡️ $64,500: Crucial level! Breaking above this indicates a bullish move towards $100k

➡️ $65,540: Place your stop loss here if you have open short positions (avoid high leverage).

➡️ $67,300: The last HH level. If BTC breaks this, the HH/HL pattern is invalidated, signaling a bullish rally towards $100


Stay alert and manage your positions carefully!


Join X for More Quality chart analysis:    twitter.com/CryptoPatel


#EigerLayer #Hightower $ETH $SOL $TON $MATIC #Robinhood

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May 07, 2024 at 2:55 AM

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Crypto Patel

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