The Trust Layer for Market Analysts

The analysis focuses on Bitcoin's bearish trend, identifying key support levels at $60,204.45 and $56,354.46. The 200-day moving average is identified as resistance around $76,981.86, with further resistance noted at $80,000 and $100,000. The presenter anticipates a potential corrective move to the upside, followed by a continuation of the bearish trend, possibly reaching levels around $39,114.02, $34,484.84, $29,439.49, and $24,640.05. The short-term 15-minute chart shows an ABC pattern, suggesting a potential bounce before further downside. The immediate support zone for a bounce is identified between $60,204.45 and $61,078.17. A break above $64,523.05 would invalidate the current bearish short-term outlook.