BTCUSD
1. Support Level:
The critical support level is at $61,000, aligning with an upward trendline. If the price falls below this, the next support could be around $60,500 to $60,000, based on previous lows.
2. Resistance Level:
A short-term resistance zone is identified between $63,250 and $63,500, where the market has consolidated. If BTCUSD breaks this level, the next resistance could be around $64,000 to $65,000, which corresponds with previous peaks.
3. Possible Price Action:
A retracement toward $61,000 seems likely. If this support holds, it may lead to a bullish continuation toward $65,000, especially if resistance at $63,500 is broken.
The critical support level is at $61,000, aligning with an upward trendline. If the price falls below this, the next support could be around $60,500 to $60,000, based on previous lows.
2. Resistance Level:
A short-term resistance zone is identified between $63,250 and $63,500, where the market has consolidated. If BTCUSD breaks this level, the next resistance could be around $64,000 to $65,000, which corresponds with previous peaks.
3. Possible Price Action:
A retracement toward $61,000 seems likely. If this support holds, it may lead to a bullish continuation toward $65,000, especially if resistance at $63,500 is broken.
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