BTCUSDT – 4H Outlook: New Consolidation Range

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BTCUSDT – 4H Outlook: New Consolidation RangeBTCUSDT SPOTBITGET:BTCUSDTVIPCryptoVaultHello traders, Bitcoin is showing signs of structural weakness after failing to hold the Weekly Open. This rejection suggests the market is entering a "New Range" phase, with the potential for a deeper correction if bulls can't reclaim key pivots 💡Trade Sentiment The close below the Weekly Open is a bearish signal in the short term. We are likely looking at two main scenarios: Range Bound: Price chops between $66k and $67.8k to build liquidity. A Rejection: A weak move into the $67.3k area followed by a sharp rejection, confirming a move toward the $63k-$64k 🔑 Key Levels to Watch Resistance: $67,300 - $67,865 - $71,359 – $72,000 Support: $65,979 - $64,000 – $63,000