#BTC The current long vs short divergence is very serious
On social media, the polarization is quite strong: bulls are looking at 68,000 and 72,000, while bears say they could reach 61,000 and even new lows
The indicators are also fighting each other; at this point it’s very difficult to make a move
Right now, the support levels below are at 64,700 and 63,900. As long as price doesn’t break below them, the long-term bullish trend on the higher timeframe is still intact. This pullback can only be considered a somewhat stronger-than-usual retracement
Resistance levels above are at 66,800 and 67,200, around the previous high area. To push higher from here, you’ll need strong momentum to attack
When the market is unclear, it’s better to watch more and act less
On social media, the polarization is quite strong: bulls are looking at 68,000 and 72,000, while bears say they could reach 61,000 and even new lows
The indicators are also fighting each other; at this point it’s very difficult to make a move
Right now, the support levels below are at 64,700 and 63,900. As long as price doesn’t break below them, the long-term bullish trend on the higher timeframe is still intact. This pullback can only be considered a somewhat stronger-than-usual retracement
Resistance levels above are at 66,800 and 67,200, around the previous high area. To push higher from here, you’ll need strong momentum to attack
When the market is unclear, it’s better to watch more and act less
