As anticipated, Bitcoin's rising wedge pattern was broken in a downward direction, leading to a decline in its value. BTC was unable to maintain the $69,000 support level, indicating that a correction was necessary. BTC had been rising consistently without any retracement, and a period of sideways movement may occur in the next few days before the next significant movement. This is why we advised you to use tight stop-loss in all open positions.
Support Area: $64,000-$65,000
Resistance Area: $69,000-$70,000
