$BTC is climbing back toward $65,000 following softer-than-expected inflation data, but not everyone is convinced the rally has staying power.
On-chain activity suggests some long-term holders are taking advantage of the move by locking in profits, which is a common pattern after a strong price surge.
Profit-taking alone doesn't signal weakness. As long as new buyers continue absorbing that selling pressure, the broader uptrend can remain healthy.
The key level to watch now is $65,700. A dec...
Guys Buy Long Now $BTC With 10x Leverage Isolated...👇
Entry Zone: $64,850 - $64,950
TP 1: $65,300
TP 2: $65,800
TP 3: $66,500
SL: $64,000
Setup Logic:
Price is holding above the $64.8K support after a strong impulsive move.
4H market structure remains bullish with higher highs and higher lows.
Buyers continue defending the current consolidation zone.
A breakout above $65.3K could trigger fresh momentum buying.
Holding above support increases the probability of a continuation toward th...