July 24 BTC technical analysis
Yesterday, 64,500 was reached—it’s a support. Since the 6-hour chart has returned to the 0 line, now we’ll look at the strength of this rebound. If the strength is big, it should be able to reach around 68,000 without a problem. If it can’t go up, short it!
Pay attention to the last logic within the 6-hour period. For long traders near 64,500 on the short term, just look at the 15-minute chart. If it drops below the 0 line, exit!
Yesterday, 64,500 was reached—it’s a support. Since the 6-hour chart has returned to the 0 line, now we’ll look at the strength of this rebound. If the strength is big, it should be able to reach around 68,000 without a problem. If it can’t go up, short it!
Pay attention to the last logic within the 6-hour period. For long traders near 64,500 on the short term, just look at the 15-minute chart. If it drops below the 0 line, exit!
