The 75,600 dollar line decides everything this weekend, so here is how to trade it. 📚
The election night low at 75,600 dollars held by about 340 dollars on Thursday's close near 75,940, then slipped intraday on Friday, and the Friday UTC close is the verdict, a close under it means the October to November range has broken. 💡 The levels around it are simple, support at 75,300 dollars, then 72,000 dollars, then 69,000 dollars, the previous cycle high from 2021, and resistance at 77,900 dollars, which is also the nine day moving average Bitcoin is trading under. My rules are simple, never front run the close, trade small because the 24 hour range is already 1,345 dollars wide, and judge the move on the daily close, not the first five minute spike, because big levels fake out both sides before picking a direction.
Which side of 75,600 dollars does Bitcoin close on, above or below? 🤔
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