Brothers, good morning! A new week has started. The market has been in narrow-range consolidation for several days already, and it will soon choose a direction.
For BTC support: 64500, 63500. Resistance: 65500, 67000.
For ETH support: 1895, 1840. Resistance: 1950, 2000.
In the short term, BTC will trade between 64500-65500. Once it breaks out on either side, whichever direction it breaks, the momentum will be stronger. Personally, I lean toward another round of downside. Until the short-term resistance breaks, I suggest you don’t chase prices higher. Trying to short at the resistance area is a pretty good risk-reward strategy—just use a stop-loss after the breakout.
My view is for reference only!
For BTC support: 64500, 63500. Resistance: 65500, 67000.
For ETH support: 1895, 1840. Resistance: 1950, 2000.
In the short term, BTC will trade between 64500-65500. Once it breaks out on either side, whichever direction it breaks, the momentum will be stronger. Personally, I lean toward another round of downside. Until the short-term resistance breaks, I suggest you don’t chase prices higher. Trying to short at the resistance area is a pretty good risk-reward strategy—just use a stop-loss after the breakout.
My view is for reference only!