Scenario Update: Resistance Lowered to $65,500, Bullish Structure Still Intact 📊
Today's outlook includes only one minor adjustment from yesterday. The broader market view remains unchanged.
On the 4-hour timeframe, Bitcoin continues to follow the pattern of bearish divergence → correction → bearish divergence → correction. This suggests that while bullish momentum has slowed, the market hasn't turned bearish. Instead, it's digesting overhead resistance through consolidation. For now, the overall structure remains constructively bullish.
The only change is the short-term resistance level.
Previously, the expectation was that a sustained move above $64,200 would open the door toward $67,000. However, based on the latest price action, $65,500 now appears to be the first major resistance zone. Bitcoin may consolidate there, absorb selling pressure, and then decide whether it has enough strength to continue higher.
Current strategy remains the same:
- Hold spot positions patiently.
- Avoid chasing pumps.
- Don't overtrade during short-term volatility.
The most important factor this week is the weekly candle close. It will provide a clearer picture of market structure and help determine the strategy for next week.
For now, the core view remains unchanged: Bitcoin is still in a consolidation-with-upward-bias trend. Stay patient, follow the structure, and let the market confirm the next move.
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