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$BTC losing the week open at 63550. Dip under the trendline looks inevitable. Most probably itâll hunt for stops under 62228, maybe even cover 61806 on the same move. The rest is unpredictable.
Frankly, on the Daily and Weekly this chart looks very dumpy. But the market rarely does the most obvious move - or at least not without some fake moves and manipulations. Iâve been pointing at ~60.8k since July 3rd, and that level still acts as a magnet. The difference now is that if it had dipped there back then, the chances of a bounce wouldâve been much higher. These days it looks more probable that itâll just skip it and dump straight to 44-48k
đŻ Nearest Key Levels
Above: 63500 / 64000 / 64700
Below: 62228 / 61806 / 61300
#CryptoNews #BTC #Trading #BinanceSquare
$BTC losing the week open at 63550. Dip under the trendline looks inevitable. Most probably itâll hunt for stops under 62228, maybe even cover 61806 on the same move. The rest is unpredictable.
Frankly, on the Daily and Weekly this chart looks very dumpy. But the market rarely does the most obvious move - or at least not without some fake moves and manipulations. Iâve been pointing at ~60.8k since July 3rd, and that level still acts as a magnet. The difference now is that if it had dipped there back then, the chances of a bounce wouldâve been much higher. These days it looks more probable that itâll just skip it and dump straight to 44-48k
đŻ Nearest Key Levels
Above: 63500 / 64000 / 64700
Below: 62228 / 61806 / 61300
#CryptoNews #BTC #Trading #BinanceSquare