BTC at 63,000~ it’s been grinding here for the past few days~~~
64,600 is clearly meeting resistance~~~ can it break through?
The resistance zone here is: 64,600–65,500~~~
If it breaks above~~~ 68,874–69,000–72,200
Falling from 82,200~~ is a pullback against the 5-day moving average~~~
Currently, the pullback has already adjusted to the final level~~~
That is, at this current position~~~ the 65,500 resistance zone~~~
This is where it ends~~ next~~ it may turn into a weekly-line rebound~~~
The weekly chart is currently showing a bottom-divergence pattern·~~ so there is a need for a rebound~~
So my current trade setup is:
Short positions: 65,500–65,700 try a short~~~ stop loss on breakout~~~
Support below: 63,600 63,300 62,900 62,200
Personally, I will buy spot in batches at the support levels~~~
$BTC
#BTC
64,600 is clearly meeting resistance~~~ can it break through?
The resistance zone here is: 64,600–65,500~~~
If it breaks above~~~ 68,874–69,000–72,200
Falling from 82,200~~ is a pullback against the 5-day moving average~~~
Currently, the pullback has already adjusted to the final level~~~
That is, at this current position~~~ the 65,500 resistance zone~~~
This is where it ends~~ next~~ it may turn into a weekly-line rebound~~~
The weekly chart is currently showing a bottom-divergence pattern·~~ so there is a need for a rebound~~
So my current trade setup is:
Short positions: 65,500–65,700 try a short~~~ stop loss on breakout~~~
Support below: 63,600 63,300 62,900 62,200
Personally, I will buy spot in batches at the support levels~~~
$BTC
#BTC