$BTC Alert!

Yesterday, the market crossed the $65,120 resistance after a volatile 7-day period. The next resistance level is approaching $66,820.

Question 1 : Is this a trap? Will the market reject from $66,820 and fall back to $40,000, or will it continue in the bull trend?

Answer:

The Bitcoin market has seen significant volume in the past few days, indicating a bullish trend. However, it will be wrong to judge the market like this.

Technically speaking,

Bitcoin reached its highest price point 190 days ago. Since then, the market has consistently broken support levels while struggling to break established resistance levels, indicating a weakening market strength.

*** Despite this, the market recently broke the $65,120 resistance, suggesting a potential shift in trend.

Question 2 :

What if this is a fake-out?

Answer:

If the market rejects the $66,820 resistance, a fake breakout to $60,500 is possible, followed by a rise to the reversal point.

Question 3 :

Where is the reversal point?

Answer:

The market may reverse at the last high, but this is unlikely. Various technical analyses suggest that $90,000 is the main reversal point for Bitcoin.

Special Tips:

Capital Protection: Protect your capital and focus on major swings.

Research and Calmness: Conduct your own research and stay calm.

Market Updates: Stay updated on market movements.

Disclaimer: This is not financial advice; confirm trends before trading.