8.6 Morning Big-Pancake View
Yesterday, I said 64800 was a key level to watch. If it can’t hold, we continue to look at the upside from a higher altitude perspective. After midnight, the big pancake pushed higher to test the 65100 high point, then got rejected and fell back. It’s currently ranging around 64600. The 64800 resistance couldn’t be held, and the bulls have completely run out of momentum.
The approach remains unchanged: still look for selling opportunities to follow the rebound. There is resistance around 65000. If the rebound meets resistance and follows through with the selling pressure, first look at 63800-64300. If it breaks down, continue to look lower at 62800-63300$BTC #韩国税改未延后加密征税
Yesterday, I said 64800 was a key level to watch. If it can’t hold, we continue to look at the upside from a higher altitude perspective. After midnight, the big pancake pushed higher to test the 65100 high point, then got rejected and fell back. It’s currently ranging around 64600. The 64800 resistance couldn’t be held, and the bulls have completely run out of momentum.
The approach remains unchanged: still look for selling opportunities to follow the rebound. There is resistance around 65000. If the rebound meets resistance and follows through with the selling pressure, first look at 63800-64300. If it breaks down, continue to look lower at 62800-63300$BTC #韩国税改未延后加密征税