BTC is stuck around 65000, focus on these two key levels
$BTC The current price is hovering around 65000 USD.
The biggest characteristic of the market in recent days is:
It can't pump up.
Nor can it drop down.
From a technical perspective:
The 65000 USD area is a short-term balance zone for bulls and bears.
The first resistance level above:
68000 USD.
This is where a lot of trapped positions and profit-taking orders are clustered.
If we see a volume breakout above 68000 USD,
market sentiment might quickly recover.
The next target would be around 72000 USD.
The support level below is in the 62000-63000 USD range.
This is an important defensive position for this rebound.
If it breaks below 62000 USD,
the market could likely test the 60000 USD round number again.
So the current trading logic is pretty straightforward:
Break above 68000 to chase the trend.
Break below 62000 to hedge against risk.
Try to avoid chasing positions in the middle zone.
Because choppy markets love to harvest those who trade frequently.
Do you think BTC will break above 68000 first, or drop below 62000 first?
#沃什首次FOMC维持利率
$BTC The current price is hovering around 65000 USD.
The biggest characteristic of the market in recent days is:
It can't pump up.
Nor can it drop down.
From a technical perspective:
The 65000 USD area is a short-term balance zone for bulls and bears.
The first resistance level above:
68000 USD.
This is where a lot of trapped positions and profit-taking orders are clustered.
If we see a volume breakout above 68000 USD,
market sentiment might quickly recover.
The next target would be around 72000 USD.
The support level below is in the 62000-63000 USD range.
This is an important defensive position for this rebound.
If it breaks below 62000 USD,
the market could likely test the 60000 USD round number again.
So the current trading logic is pretty straightforward:
Break above 68000 to chase the trend.
Break below 62000 to hedge against risk.
Try to avoid chasing positions in the middle zone.
Because choppy markets love to harvest those who trade frequently.
Do you think BTC will break above 68000 first, or drop below 62000 first?
#沃什首次FOMC维持利率