$BTC After breaking through, the most common mistake is to immediately chase the highs.
The 64,630 and 65,000 levels we focused on yesterday have already been pulled back consecutively today.
Over the past 24 hours, the high reached 65,584. Currently, the price is hovering around 65,300. After a volume-supported breakout, the deepest pullback only went down to 64,913, and it quickly returned above 65,000, indicating that this area has temporary support.
Now focus on two levels:
1. 65,600: Short-term breakout level
If the 1-hour timeframe can hold above 65,600 and the pullback fails to break it, the next target is 66,000 first; if the strength continues, then look around 66,400.
2. 65,000: Bullish defense level
A pullback above 65,000 still counts as normal consolidation after the breakout.
If it breaks below 65,000 and the subsequent rebound cannot be reclaimed, the price will likely retest 64,630 again.
If 64,630 is lost this time, there is a risk that this breakout turns into a false breakout. The next support to watch is around 64,200.
Today’s observation plan:
Breakout condition: Hold above 65,600
First target: 66,000
Second target: 66,400
Pullback support: 65,000
Key invalidation level: 64,630
Currently, 65,300—65,500 is squeezed right between support and resistance, offering no comfortable risk-reward ratio.
Above 65,000, pullbacks remain relatively strong.
Above 65,600, the market will accelerate again.
The 64,630 and 65,000 levels we focused on yesterday have already been pulled back consecutively today.
Over the past 24 hours, the high reached 65,584. Currently, the price is hovering around 65,300. After a volume-supported breakout, the deepest pullback only went down to 64,913, and it quickly returned above 65,000, indicating that this area has temporary support.
Now focus on two levels:
1. 65,600: Short-term breakout level
If the 1-hour timeframe can hold above 65,600 and the pullback fails to break it, the next target is 66,000 first; if the strength continues, then look around 66,400.
2. 65,000: Bullish defense level
A pullback above 65,000 still counts as normal consolidation after the breakout.
If it breaks below 65,000 and the subsequent rebound cannot be reclaimed, the price will likely retest 64,630 again.
If 64,630 is lost this time, there is a risk that this breakout turns into a false breakout. The next support to watch is around 64,200.
Today’s observation plan:
Breakout condition: Hold above 65,600
First target: 66,000
Second target: 66,400
Pullback support: 65,000
Key invalidation level: 64,630
Currently, 65,300—65,500 is squeezed right between support and resistance, offering no comfortable risk-reward ratio.
Above 65,000, pullbacks remain relatively strong.
Above 65,600, the market will accelerate again.
