BTCUSDT- Please don't be too pessimistic!
Updated
Within the 4-hour bullish channel, there are three key support levels that could stop the current decline and trigger a new upward movement 🚀:
First Support Level: 63,313.25-63,400.00
Second Support Level: 62,557.24-62,621.90
Third Support Level: 61,669.95-61,735.13
Bitcoin may build a bottom at one of these support levels and rise towards the following targets:
Target 1: 64,267.20-64,611.60 🎯
Target 2: 65,976.95
Target 3: 66,755.85
Target 4: 68,375.15 📈
Stop-loss for the strong uptrend scenario:
If the third support level (61,669.95-61,735.13) is broken downward on the 4-hour time frame, a temporary decline may continue towards the 57,877-59,337 range 📉, where a new upward trend could begin.
Thanks for watching and good luck
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