BTC 1H closed at 64,870 after breaking below 63,888. A wick down to 61,956 rebounded to 65,275.
About 90% of long positions were liquidated. The V-shaped rebound looks like short covering; 65,480 is acting as resistance, so don’t chase longs.
Conservative: If it closes above 65,480, watch 66,000.
Aggressive: Try going long if 64,870 holds; stop-loss at 64,500.
Invalidation: Exit if it closes below 64,547.
$BTC #BTC
About 90% of long positions were liquidated. The V-shaped rebound looks like short covering; 65,480 is acting as resistance, so don’t chase longs.
Conservative: If it closes above 65,480, watch 66,000.
Aggressive: Try going long if 64,870 holds; stop-loss at 64,500.
Invalidation: Exit if it closes below 64,547.
$BTC #BTC