BTC this closing price is pretty weird~~~
Yesterday didn’t reach 642~~ and it poked in first; today it closed back up~~~
From the chart perspective~~~ this price range is awkward—neither up nor down~~~
Key resistance zone above: 64200-64500
Key support zone below: 63600-62800-62100
This pullback from the drop is a 2-day-line rebound~~~ currently the rebound has insufficient momentum~~~
There’s a possibility it will close higher~~~
The 2-day line will form a new candle after 10 hours~~ if it closes above 645~~~ then it can keep looking toward around 67000~~~
If it can’t break above 64500, then it will continue to dip back down~~~
Personally, I didn’t move my spot position~~ but my contract long positions had a stop loss triggered~~~
I’m looking for an opportunity to open back up again~~ the direction is still to go long~~~
The existing contract positions on hand are still long~~ it’s just that the position size is smaller than before~~
If today doesn’t break below 63600, then the market action would be considered fairly strong~~~
there’s hope to build up the 4-hour base~~~
Rationally speaking~~ here it’s stuck in the middle—going either way is basically a gamble~~~
Yesterday didn’t reach 642~~ and it poked in first; today it closed back up~~~
From the chart perspective~~~ this price range is awkward—neither up nor down~~~
Key resistance zone above: 64200-64500
Key support zone below: 63600-62800-62100
This pullback from the drop is a 2-day-line rebound~~~ currently the rebound has insufficient momentum~~~
There’s a possibility it will close higher~~~
The 2-day line will form a new candle after 10 hours~~ if it closes above 645~~~ then it can keep looking toward around 67000~~~
If it can’t break above 64500, then it will continue to dip back down~~~
Personally, I didn’t move my spot position~~ but my contract long positions had a stop loss triggered~~~
I’m looking for an opportunity to open back up again~~ the direction is still to go long~~~
The existing contract positions on hand are still long~~ it’s just that the position size is smaller than before~~
If today doesn’t break below 63600, then the market action would be considered fairly strong~~~
there’s hope to build up the 4-hour base~~~
Rationally speaking~~ here it’s stuck in the middle—going either way is basically a gamble~~~