$BTC has made a very strong recovery from the ~$64K area and is now testing the $70K–$72K resistance zone. The move was accelerated by a major short squeeze, with billions in crypto short positions liquidated. �
tradingkey.com +1
🔑 Important levels
Resistance: $72,000
Next resistance: $75,000–$76,000
Support: $69,000–$70,000
Strong support: $66,000–$67,000
Major support: $63,000–$64,000
A daily close above $72K with strong volume would make the bullish structure considerably stronger. A rejection from $70K–$72K followed by a loss of $69K could trigger a pullback toward $66K–$67K.
📈 My short-term scenarios
Bullish scenario:
BTC holds $69K–$70K → breaks $72K → targets $75K–$78K.
Neutral scenario:
BTC gets rejected around $72K and consolidates between $67K–$72K.
Bearish scenario:
BTC loses $67K → possible move toward $64K, with $62K–$63K becoming important afterward.
#CryptoRally #BTC #crypto #TechnicalAnalysis
tradingkey.com +1
🔑 Important levels
Resistance: $72,000
Next resistance: $75,000–$76,000
Support: $69,000–$70,000
Strong support: $66,000–$67,000
Major support: $63,000–$64,000
A daily close above $72K with strong volume would make the bullish structure considerably stronger. A rejection from $70K–$72K followed by a loss of $69K could trigger a pullback toward $66K–$67K.
📈 My short-term scenarios
Bullish scenario:
BTC holds $69K–$70K → breaks $72K → targets $75K–$78K.
Neutral scenario:
BTC gets rejected around $72K and consolidates between $67K–$72K.
Bearish scenario:
BTC loses $67K → possible move toward $64K, with $62K–$63K becoming important afterward.
#CryptoRally #BTC #crypto #TechnicalAnalysis