BTCUSD — BTC BACK TO 60K? MY FUTURE OUTLOOK

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BTCUSD — BTC BACK TO 60K? MY FUTURE OUTLOOKBitcoinCRYPTO:BTCUSDlealcryp April 27th — heading into May, Bitcoin has just come off a strong move, but the higher time frame still tells a different story. Since the all-time high around $126,000 on October 6th, price has been in a clear downtrend. We saw key rejections off the daily trendline in January and again on April 13th. That most recent break above the trendline looked bullish on the surface, but in my opinion, it pulled in late longs and set up a potential bull trap, especially considering the rally had already been underway since late March early April. Following that break, price pushed into the $78K–$79.2K resistance zone, where we’ve now seen multiple rejections. After consolidating over the weekend, Monday retested that level and got rejected again, closing red. With the initial rejection on April 22nd and the most recent one, we now have a clear double top forming at resistance. On the lower time frames, the short-term uptrend we had throughout April has now been broken. We’ve closed below the trendline on the 4H, retested it, and rejected — adding confirmation for potential downside continuation. If we get another red daily close, I see a high probability of price moving toward the $65K demand zone. If momentum remains strong, a move below $65K into the low $60Ks is very possible, with support around $61.5K and potentially $60K if that level fails. I entered short around $77,500 with stops above $82K–$83K, targeting a swing through May for roughly a 3.5R move. Curious to hear other perspectives — do you see continuation lower, or buyers stepping in soon?