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asiftahsin

06/21 23:19

Technical Outlook: BTC Holding Key Support — Recovery Attempts Continue Below Major Resistance Bitcoin continues to stabilize above the major macro support region around $59.9K–$62.8K after the sharp breakdown earlier this month. While buyers have managed to defend the cycle lows and trigger a modest rebound, BTC remains below all major moving averages and key Fibonacci resistance levels, keeping the broader market structure bearish. Although momentum has improved slightly from recent lows, bulls still face significant overhead resistance before any sustainable trend reversal can be confirmed. 📈 EMA Structure (Bearish) 20 EMA: $65,471 50 EMA: $69,259 100 EMA: $72,249 200 EMA: $77,830 Price remains below all major EMAs ❌ 20 EMA continues acting as immediate dynamic resistance 50 & 100 EMA remain the next major recovery barriers 200 EMA continues defining the long-term bearish trend 👉 BTC must reclaim the EMA cluster before any sustainable bullish reversal can be confirmed. 📐 Fibonacci & Market Structure Price remains below the 0.236 Fibonacci level at $75,613 Long-term bearish structure remains intact Recent selloff swept liquidity below the previous trading range Current rebound remains corrective within the broader downtrend 👉 Any relief rally could target: $65.5K → Immediate resistance / 20 EMA $69.3K → 50 EMA resistance $72.2K → 100 EMA resistance $75.6K → 0.236 Fibonacci resistance 👉 Failure to hold current support could expose: $62.8K → Near-term support $59.9K → Critical macro support Below $59.9K → Increased probability of another liquidity sweep 🧠 ICT / Smart Money View Recent decline swept major sell-side liquidity beneath the range lows Market structure continues printing lower highs Fair Value Gaps (FVGs) remain overhead and unfilled Current recovery lacks strong bullish displacement No confirmed bullish market structure break has occurred
BTCUSDT
永续
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