@ImpossibleAnalysis
YouTube
Avg. Quality
69
Success Rate
14.78
Analysis
115
Correct
17
Fail
71
Pending
27
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Fail
BTCUSDT
Short Entry
67,285.1000
2026-04-04
21:02 UTC
Target
51,894.8000
Fail
69,000.0000
In 1 Days
Risk/Reward
1 : 9
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Final PnL
-2.55%
P/L: —
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Bitcoin has been in a range-bound state for the last two months. The price is currently sitting at the 0.618 Fibonacci retracement level of $65,737.78. If Bitcoin breaks below the ascending trendline and the support at $63,177.73, it is likely to continue its downtrend and target the 1.618 Fibonacci extension at $51,894.83. However, a break above the resistance at $70,992.12 could signal a potential upward move towards $72,922.14 and potentially $74,343.51, but given the overall bearish market sentiment, this is less likely.