$BTC This sudden plunge—tonight is definitely not simple!!!
Last night, a single wick dropped straight to 63,800. The market instantly started shouting “waterfall,” and some people even claimed they’ve seen price below 62,000.
But strangely, after the price was pushed down, it didn’t continue to sell off with increasing volume—instead, it quickly snapped back, suggesting there is indeed capital stepping in below 63,800.
The issue is: after BTC rallied back up, 64,160 above kept getting rejected for a long time. Bulls want to counterattack, but bears also don’t seem ready to call it quits.
Now both sides are waiting for the other to show a weakness first. The range from 63,800 to 64,160 has become the easiest spot tonight to get chopped up and harvested.
If BTC strongly breaks 64,160 and then pulls back to hold, it would indicate this plunge was more like a shakeout, and the rebound room may reopen. On the upside, watch 64,800—65,500.
Both of those areas are clearly resistance zones. If price climbs there and you see a volume contraction with stalled upward movement, or a quick rejection, you can consider entering short positions in batches. Don’t chase longs at resistance.
If the rebound keeps failing to get above 64,160— and even again strongly breaks below 63,800—then this wick isn’t a bottom signal; it’s more like a continuation during the downtrend. After that, focus on potential long opportunities around 63,200—62,300.
What I fear most tonight isn’t picking the wrong direction—but chasing shorts after the crash, or chasing longs after the rebound. There’s a high chance it will shake the market back and forth once more. Wait for price to move out of the range first, then follow the true direction
$ETH $HYPE
#BTC走势分析 #贝莱德加拿大推出比特币关联ETF
Last night, a single wick dropped straight to 63,800. The market instantly started shouting “waterfall,” and some people even claimed they’ve seen price below 62,000.
But strangely, after the price was pushed down, it didn’t continue to sell off with increasing volume—instead, it quickly snapped back, suggesting there is indeed capital stepping in below 63,800.
The issue is: after BTC rallied back up, 64,160 above kept getting rejected for a long time. Bulls want to counterattack, but bears also don’t seem ready to call it quits.
Now both sides are waiting for the other to show a weakness first. The range from 63,800 to 64,160 has become the easiest spot tonight to get chopped up and harvested.
If BTC strongly breaks 64,160 and then pulls back to hold, it would indicate this plunge was more like a shakeout, and the rebound room may reopen. On the upside, watch 64,800—65,500.
Both of those areas are clearly resistance zones. If price climbs there and you see a volume contraction with stalled upward movement, or a quick rejection, you can consider entering short positions in batches. Don’t chase longs at resistance.
If the rebound keeps failing to get above 64,160— and even again strongly breaks below 63,800—then this wick isn’t a bottom signal; it’s more like a continuation during the downtrend. After that, focus on potential long opportunities around 63,200—62,300.
What I fear most tonight isn’t picking the wrong direction—but chasing shorts after the crash, or chasing longs after the rebound. There’s a high chance it will shake the market back and forth once more. Wait for price to move out of the range first, then follow the true direction
$ETH $HYPE
#BTC走势分析 #贝莱德加拿大推出比特币关联ETF