Thinking $BTC ‌ is finally done with this dip or is there one more leg down?


The 1h chart on Bitcoin is looking pretty tense right now. We’re sitting at $67,100 after a steady slide from that $69k area. It feels like every time we try to catch a bid, the sellers just step right back in to keep the pressure on.
Looking at the price action, we have a clear series of lower highs. We just bounced off a local low of $66,621, but the recovery is looking a bit weak. We need to clear $67,800 with some real conviction to change the narrative. If we can't hold this $67k zone, the $66.5k level is going to be tested again very quickly.
Volume is decent but mostly dominated by the red candles for now. I’m waiting to see if we get a strong squeeze or if this is just a slow bleed into the next session.
I'm staying patient and watching the reaction at $67,500.

#GateSquare$50KRedPacketGiveaway
BTC0,81%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)