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BTC just LOST the 60K level, hitting a local low of 59,080 before a sharp snap-back. 📉 But make no mistake—this is NOT a random dip. The US stock market is bleeding, and the contagion is hitting crypto like a sledgehammer. We warned you: if 66K broke, 60K was a mirage. And it happened faster than anyone expected. Remember last October, when BTC was grinding near 120K and everyone screamed "4-year cycle is dead"? Now they're silent. The market always punishes those who ignore its rhythm. Respect the trend, or get left behind. 🚨
On the 4-hour chart, BTC just flashed a bullish divergence—a bounce is nearly inevitable. But zoom out. The monthly MACD is finally approaching the zero line after six months of bleeding. Historically, this setup has preceded strong recovery waves or even the start of a bottom accumulation phase. But the weekly chart is UGLY. A massive red candle just swallowed three green ones with insane volume. That's not a reversal signal—it's a warning. Expect violent chop and re-tests before any real stabilization. Monday could bring even more chaos as US equity weakness continues to ripple through.
My key level remains 57,500—the major trendline support from 2023. With external headwinds (Musk's rocket sucking liquidity, rising Fed rate cut expectations fading), BTC touching that zone is a rational scenario. If it gets there, I see it as a STRONG buy zone for spot players. Short-term resistance sits between 62,600 and 64,200; only a clean break above that opens the door to 69,700 and possibly 71,800. But don't get greedy—on the larger cycle, time isn't ripe. A deeper bottom near 54,000 is still my base case. In a black swan event (MicroStrategy liquidation, systemic US crash), even 40K isn't off the table—but that window will close fast.
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