BTCUSD Bearish Breakdown | Resistance Turned Supply (2H)
Bitcoin remains under bearish pressure after breaking below the highlighted support zone. The former support is now acting as resistance, increasing the probability of further downside toward the marked support levels.
The overall market structure stays bearish while price trades below the resistance zone.
Key Levels:
* 🔴 Resistance: 62,800 – 63,350
* 🟦 1st Support: 60,300
* 🟦 2nd Support: 58,300
* 📉 Bias: Bearish below resistance.
Analysis:
Price has broken below the support zone and is showing signs of bearish continuation. As long as the resistance area holds, sellers may target the first support, followed by the second support if momentum strengthens. A confirmed move back above the resistance zone would invalidate the bearish outlook.
⚠️ Educational purposes only. Always use proper risk management before entering any trade.