BTC opened the uptrend with a strong candle but still failed to close above 64478.
(After a false close at 62357 in 4 hours, the price moved up again.)
As I marked, the battle between daily buyers and sellers continues in the 58946 - 64478 area.
In this case, I prefer to follow the direction of the breakout.
In case of a close below 58946, the first support is the 57516 level.
If a return confirmation is received at this support, the decline may be responded to by increasing.
If the decline continues, we look at the possible emergence of harmonic structures, which will bring an increase.
The trade entry zone is 54479 - 53277, and the stop loss is 52550, which is the six-day closing price.
If the target is 63000 and the day closes above 66498, we can expect a new rise.
We have to watch for resistance above. If there is a rejection at 66498 and a pullback, the 60991 - 60883 area may act as support. 👗👉👉BNB0098
Intraday closing stop loss below 58946 can follow the rise. $BTC
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