๐ฅ BTC/USDT LATEST ANALYSIS โ THE NEXT MOVE IS CLOSE!
$BTC is trading around the $63.5K zone, and the market is currently trapped between major support and resistance.
๐ ENTRY ZONE: $62,800โ$63,500
๐ข BULLISH SCENARIO
If BTC breaks and holds above $65,000 with strong volume:
๐ฏ TP1: $66,500
๐ฏ TP2: $68,000
๐ฏ TP3: $70,000
๐ด BEARISH SCENARIO
If $BTC loses $62,500 decisively:
โ ๏ธ TP1: $60,000
โ ๏ธ TP2: $58,000
๐ STOP LOSS: Below $61,800 for a long setup
KEY LEVELS:
Support: $62,500
Resistance: $64,000โ$65,000
Major breakout target: $70,000
๐ก MY VIEW:
$BTC is still in a range. I would wait for confirmation rather than chase the move. A clean $65K breakout could bring strong momentum, while a $62.5K breakdown would shift the short-term structure bearish.
๐ Bullish above $65K
๐ป Bearish below $62.5K
#ChinaJulyOutputRetailInvestmentAllMiss #CMESeptemberHikeOddsFallTo30.6% #CardanoSplitsDijkstraUpgradeIntoTwoPhases
$BTC is trading around the $63.5K zone, and the market is currently trapped between major support and resistance.
๐ ENTRY ZONE: $62,800โ$63,500
๐ข BULLISH SCENARIO
If BTC breaks and holds above $65,000 with strong volume:
๐ฏ TP1: $66,500
๐ฏ TP2: $68,000
๐ฏ TP3: $70,000
๐ด BEARISH SCENARIO
If $BTC loses $62,500 decisively:
โ ๏ธ TP1: $60,000
โ ๏ธ TP2: $58,000
๐ STOP LOSS: Below $61,800 for a long setup
KEY LEVELS:
Support: $62,500
Resistance: $64,000โ$65,000
Major breakout target: $70,000
๐ก MY VIEW:
$BTC is still in a range. I would wait for confirmation rather than chase the move. A clean $65K breakout could bring strong momentum, while a $62.5K breakdown would shift the short-term structure bearish.
๐ Bullish above $65K
๐ป Bearish below $62.5K
#ChinaJulyOutputRetailInvestmentAllMiss #CMESeptemberHikeOddsFallTo30.6% #CardanoSplitsDijkstraUpgradeIntoTwoPhases
