fibonacciretracement Ideas

BTCUSD continues to consolidate, confirming a range formation post a strong rally. The market appears robust as it prevents the price from nearing risk zones, signaling strong buying interest and engagement from savvy investors. Key reversal areas of interest include 60,314 and 59,313. There is a possibility of a false breakdown of liquidity areas below before potential growth, although the market is currently safeguarding these zones. A breach below the 60K support level could trigger a significant correction towards 50K. A local bearish trend is emerging on the H1 timeframe but remains within the 70K - 60K range. The price might...