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#USIranTalksPostponed 🔥💫✨️ $BTC Bearish, but the bear market still looks alive 🔥💫✨️
The chart is trying to recover, but analysts are not convinced yet—Bitcoin was rejected from the resistance zone at $67,000, and this rejection continues to pressure the market:
🔹️ The latest Bitcoin highs formed a weak bounce from three waves, not a strong five-wave trend.
🔹️ The breakdown below $63,000–$77K maintains the bearish structure.
🔹️ $64K is the main short-term support, while $55,000–$62K is the next major downside zone.
A rebound can happen at any moment, but a single bounce does not confirm a return of the bulls. Until Bitcoin closes cleanly above $56K or shows a genuine five-wave rise, it still looks more like a temporary pause in the bear market rather than a full recovery.
The bigger picture
The absence of a large-volume capitulation event indicates that retail capitulation has not truly occurred. Instead, we see a painful, slow bleed environment where outflows from institutions are driving daily momentum.
Main conclusion: If $77K fails to hold the floor during consecutive daily closes, the market is likely to wipe out the liquidity accumulated near $55,000.
Traders should expect choppy, limited-range volatility until overall liquidity improves. Protect your capital, manage leverage carefully, and do not confuse a temporary rebound with the start of the next broad expansion.
$62K
#MyGateTradeStory $BTC