The 64,000 I was watching a couple of hours ago has been pushed back below again, and now $BTC ’s direction is left with only one verdict line.
Osbrah still holds the bullish scenario for $BTC , but the public market shows the price around 63,918, with an intraday range of 63,771—64,743. For bulls to define this pullback as a correction, they must first reclaim 64,000 and then hold it during the retest; otherwise, the rebound is just back-and-forth within the range.
Below 63,771 is the most important invalidation level in this move: once there is a valid breakdown, 64,000 flips back into resistance, and the rationale for anticipating a rebound will become significantly weaker. I won’t try to pick a side around 63,918—I’ll just wait for one of two conditions to be met.
My plan is simple: reclaim 64,000 to observe for follow-through; if 63,771 breaks down first, then I’ll focus on defense. Would you rather use the reclaimed retest as the verdict, or the breakdown below 63,771 to judge this stretch of price action? This is only my personal chart notes and does not constitute investment advice.
Osbrah still holds the bullish scenario for $BTC , but the public market shows the price around 63,918, with an intraday range of 63,771—64,743. For bulls to define this pullback as a correction, they must first reclaim 64,000 and then hold it during the retest; otherwise, the rebound is just back-and-forth within the range.
Below 63,771 is the most important invalidation level in this move: once there is a valid breakdown, 64,000 flips back into resistance, and the rationale for anticipating a rebound will become significantly weaker. I won’t try to pick a side around 63,918—I’ll just wait for one of two conditions to be met.
My plan is simple: reclaim 64,000 to observe for follow-through; if 63,771 breaks down first, then I’ll focus on defense. Would you rather use the reclaimed retest as the verdict, or the breakdown below 63,771 to judge this stretch of price action? This is only my personal chart notes and does not constitute investment advice.