bitcoin at key support zone — hold or breakout?

in #btc2 days ago

📊 bitcoin chart analysis (6m timeframe)
current price: $66,611
investor signal: hold
🔎 trend overview
the 6-month performance shows -41.36%, indicating a strong bearish correction.
price structure shows a clear downtrend (lower highs + lower lows).
recent candles show consolidation near the 60k–70k zone.
🟢 marked zones on chart
sell zone: around 95k–100k (previous distribution area).
buy zone: around 75k–80k (previous support turned weak).
strong buy zone: around 60k–65k (current demand area).
📉 market structure insight
after rejection near 100k, price entered a sustained downtrend.
sharp red candles indicate strong selling pressure.
currently moving sideways near support → possible accumulation phase.
📌 key levels to watch
support: 60k
resistance: 72k–75k
breakout above 75k → short-term bullish reversal.
breakdown below 60k → next support likely near 55k
1000027083.png

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