The 62,000 I’ve been watching for the past two hours hasn’t broken down yet, but the fix for 64,000 still hasn’t shown up: the previous call is currently only “not triggered,” not “confirmed.”
The publicly quoted price is about $BTC 62727, down about 1.4% over the past 24 hours. In the last round, I treated 62,000 as the failed level in the “waiting for the fix” logic, and considered the reclaim of 64,000 and a pullback that holds as the improvement condition. The price is still trapped in the middle—local rebounds can’t be taken as a trend reversal.
In the past period, Coin Cat has repeatedly emphasized first preserving capital and leaving opportunities for the end of the range. I agree with that approach of waiting, but I don’t equate it with being bullish: if there’s a valid breakdown below 62,000, this observation framework should be admitted as invalid; only after 64,000 is reclaimed should we reassess the quality of the longs.
I’ll continue to do less trading in the middle of the range. Will you watch the acceptance around 62,000 first, or the close and pullback around 64,000? For personal chart notes only, not investment advice.
The publicly quoted price is about $BTC 62727, down about 1.4% over the past 24 hours. In the last round, I treated 62,000 as the failed level in the “waiting for the fix” logic, and considered the reclaim of 64,000 and a pullback that holds as the improvement condition. The price is still trapped in the middle—local rebounds can’t be taken as a trend reversal.
In the past period, Coin Cat has repeatedly emphasized first preserving capital and leaving opportunities for the end of the range. I agree with that approach of waiting, but I don’t equate it with being bullish: if there’s a valid breakdown below 62,000, this observation framework should be admitted as invalid; only after 64,000 is reclaimed should we reassess the quality of the longs.
I’ll continue to do less trading in the middle of the range. Will you watch the acceptance around 62,000 first, or the close and pullback around 64,000? For personal chart notes only, not investment advice.