#BTC Bitcoin current market price 64100+.
Today, the big pancake (BTC) once again tested the daily Bollinger Band midline support. As shown in Chart 1: you can see that BTC’s recent lows keep rising along with the midline low point of the Bollinger Band. As long as the lows have not broken, the trend remains bullish. We can take the midline low ahead—currently around 62500—as the defensive level. If price breaks below the midline, we consider the bullish structure to be over.
Next, referring to Chart 2: BTC is still near the upper band of the large parallel channel structure, as well as the midline of the small parallel rising channel. For the downside, focus on support around the minor trendline at 63000_63150, and also the final line of defense: support at the lower boundary of the small parallel rising channel, 62300_62500. Corresponding to Chart 1, if 62300_62500 breaks, the bullish trend ends; otherwise, we still look for the possibility of testing 67000.
In summary, suggested trading plan: For the bulls, the protective stop-loss line can be set at 62280. For those who are currently in cash, if there is a pullback and price reaches 63000_63150, you may enter a long position appropriately. The stop-loss remains at around 62280. Take-profit targets are 65500_66000. Those with a broader perspective can keep part of the position aiming near 67000.
$BTC $ETH $SNDK
Today, the big pancake (BTC) once again tested the daily Bollinger Band midline support. As shown in Chart 1: you can see that BTC’s recent lows keep rising along with the midline low point of the Bollinger Band. As long as the lows have not broken, the trend remains bullish. We can take the midline low ahead—currently around 62500—as the defensive level. If price breaks below the midline, we consider the bullish structure to be over.
Next, referring to Chart 2: BTC is still near the upper band of the large parallel channel structure, as well as the midline of the small parallel rising channel. For the downside, focus on support around the minor trendline at 63000_63150, and also the final line of defense: support at the lower boundary of the small parallel rising channel, 62300_62500. Corresponding to Chart 1, if 62300_62500 breaks, the bullish trend ends; otherwise, we still look for the possibility of testing 67000.
In summary, suggested trading plan: For the bulls, the protective stop-loss line can be set at 62280. For those who are currently in cash, if there is a pullback and price reaches 63000_63150, you may enter a long position appropriately. The stop-loss remains at around 62280. Take-profit targets are 65500_66000. Those with a broader perspective can keep part of the position aiming near 67000.
$BTC $ETH $SNDK