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2026-07-21 05:27:14 UTC

Bitcoin-Backpacker on Nostr: MARKET WATCH šŸ‘€ RESISTANCE ZONE: I’M KEEPING A CLOSE EYE ON THE $69,000 – ...

MARKET WATCH šŸ‘€



RESISTANCE ZONE: I’M KEEPING A CLOSE EYE ON THE $69,000 – $72,000 AREA. THIS IS THE CRITICAL ZONE WHERE I EXPECT THIS LOCAL UPTREND TO PEAK BEFORE STALLING.


THE BEAR MARKET REALITY: WHILE WE ARE SEEING A SHORT-TERM RALLY, THE BROADER MARKET STRUCTURE SUGGESTS WE AREN'T OUT OF THE WOODS YET. THE MONTHLY CHARTS, INCLUDING THE RSI AND MACD, INDICATE THAT FURTHER DOWNSIDE REMAINS A STRONG PROBABILITY.


NEXT POTENTIAL TARGETS: IF WE FAIL AT THIS RESISTANCE AS EXPECTED, WE SHOULD PREPARE FOR THE NEXT LEG DOWN, WITH TARGETS AS LOW AS $39,000 FOR THE POTENTIAL C-WAVE FINISH.

DON'T LET THE SHORT TERM NOISE DISTRACT YOU FROM THE LARGER CYCLE. STAY DISCIPLINED AND WATCH THOSE SUPPORT LEVELS CLOSELY.



ESTIMATING A LOW OF 42,000 - 39,000



*** { not financial advice } this is for projection purposes only do your own personal research ***