#BTC#bitcoin
term momentum: The price has moved upward strongly from roughly $76,400–$76,500.
About $76,631, and the current price is above it. That indicates relatively positive short-term moment The chart's 24h high is around $76,774. A sustained move above this area could indicate further upward momentum.
Nearby support: Around $76,630, near the MA60. Below that, the chart shows another area around $76,550–$76,470.
The recent upward move doesn't appear to have an exceptionally large volume spike, so confirmation from stronger buying volume would be useful.
Simple idea: BTC is currently testing the upper end of the range. Rather than assuming it will break upward, watch whether it holds above ~$76,630 and convincingly breaks ~$76,774. A rejection near $76,774 followed by a move below the MA60 would indicate weakening short-term momentum.
term momentum: The price has moved upward strongly from roughly $76,400–$76,500.
About $76,631, and the current price is above it. That indicates relatively positive short-term moment The chart's 24h high is around $76,774. A sustained move above this area could indicate further upward momentum.
Nearby support: Around $76,630, near the MA60. Below that, the chart shows another area around $76,550–$76,470.
The recent upward move doesn't appear to have an exceptionally large volume spike, so confirmation from stronger buying volume would be useful.
Simple idea: BTC is currently testing the upper end of the range. Rather than assuming it will break upward, watch whether it holds above ~$76,630 and convincingly breaks ~$76,774. A rejection near $76,774 followed by a move below the MA60 would indicate weakening short-term momentum.
