BTC morning market analysis: pullback for long!
BTC pullback to 65,500 support stabilizes; rebound starts by relying on the 4-hour Bollinger middle band. The Bollinger Bands are squeezing, waiting for a directional breakout. RSI forms a bullish crossover at a low level; bearish momentum is weakening. The indicators are not overbought yet, and there is still room for upside.
The current market is a pullback confirmation after an uptrend. Hold a low-long bias while staying above the middle band.
Trade plan: go long with orders in the 65,000–65,500 range, targets 67,000–67,500. If it breaks through further, look toward 70,000.$BTC
BTC pullback to 65,500 support stabilizes; rebound starts by relying on the 4-hour Bollinger middle band. The Bollinger Bands are squeezing, waiting for a directional breakout. RSI forms a bullish crossover at a low level; bearish momentum is weakening. The indicators are not overbought yet, and there is still room for upside.
The current market is a pullback confirmation after an uptrend. Hold a low-long bias while staying above the middle band.
Trade plan: go long with orders in the 65,000–65,500 range, targets 67,000–67,500. If it breaks through further, look toward 70,000.$BTC
