#Bitcoin candles going small one after another following those huge impulsive #move down. #Bitcoin remains under heavy pressure after breaking below the $72K market structure level on the weekly chart. Momentum is clearly bearish, with price continuing to form lower highs. Key support sits around $60K, $59K, while $72K now acts as #major resistance. Until that level is reclaimed, the outlook remains cautious and bearish. #crypto
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$BTC WEEKLY TF OVERVIEW :
#Bitcoin candles going small one after another following those huge impulsive #move down. #Bitcoin remains under heavy pressure after breaking below the $72K market structure level on the weekly chart. Momentum is clearly bearish, with price continuing to form lower highs. Key support sits around $60K, $59K, while $72K now acts as #major resistance. Until that level is reclaimed, the outlook remains cautious and bearish. #crypto