🔥 Do you still remember 64,630?
Just hours before the monthly candle closes and the new monthly candle opens, we shared this reading with you and identified 64,630 as one of the most dangerous technical zones at this stage.
It wasn’t just resistance or a passing number on the chart—we clearly marked it as a point of separation and a decision point in determining the trend.
And today, with the price trading near 62,822, let’s go back to that reading and see why this particular zone was so important.
What does 64,630 mean?
🟢 Recovering the zone and stabilizing above it, then successfully retesting it
This means the price has regained the decision point, and may reopen a trend-reversal scenario and recover momentum.
🔴 Staying below it or breaking it with failure to reclaim it
Meaning that the zone has become a barrier against the price, and the corrective pressure is still in place.
That’s where the importance of reading lies:
We’re not trying to interpret the movement after it happens; instead, we go back to the area that was identified before the move and watch how the price dealt with it.
We noted from the start of this month that it’s one of the bad months within the historical lifecycle of crypto markets, and therefore we considered the current phase as one of the most sensitive correction stages.
We’re not looking for a fake bottom, and we’re not chasing imaginary numbers.
We’re monitoring the decision point: 64,630.
Now the question is for you:
🔐 Who can crack the 64,630 code?
And why did we consider it a real dividing line between trend scenarios?
Sometimes the power of analysis isn’t in telling us where the price will go,
but in determining in advance where the decision becomes critical.
Hummus scribbles, well-meistered ✍️
God knows best.
Good luck to everyone 🤲
This is not financial advice. Do your own research and be the one who makes the decision.