BTCUSDT - Retest resistance before a drop to 65K

Apr 2

BTCUSDT is consolidating amid a global downtrend (crypto winter). At the same time, the price is holding below the upward support line, indicating market weakness...



Bitcoin looks relatively stable, but at the same time is in a bearish trend. A retest of the zone of interest could intensify the decline toward 65K–63K
The attempt at growth ended in failure, and Bitcoin is forming another liquidation after a local bullish trend. Following a sharp decline, an imbalance zone has formed at 67,500–67,880. A retest of resistance is possible before a drop to 65K.

Resistance levels: 67,545, 67,884, 68,600
Support levels: 66,200, 65,550

Technically, the price is testing the 66,200 support level and may form a correction toward the imbalance zone formed within the trading range. The 67,500–67,800 short squeeze may end with a reversal and a decline to 65K–63K

Best regards, R. Linda!

Apr 2

Trade active