$BTC surged higher by 65022 and then retreated under pressure; the price fell below the Bollinger mid-band. Upward momentum has slowed, and in the short term the market is entering a range-bound consolidation. Overhead resistance is gradually moving lower, and the bulls’ sustained follow-through remains questionable.
Resistance: 64740-64960; strong resistance 65020
Support: 64510; if it breaks down further, it could move toward 64300
Idea: Do not chase longs. In the resistance area on rebounds, consider short-term trading for a pullback; wait more patiently for support to stabilize before considering going long at lows.
Resistance: 64740-64960; strong resistance 65020
Support: 64510; if it breaks down further, it could move toward 64300
Idea: Do not chase longs. In the resistance area on rebounds, consider short-term trading for a pullback; wait more patiently for support to stabilize before considering going long at lows.