$BTC at $68,717 (-6.6%) · $ETH at $1,932 (-5.7%)
The support we mentioned yesterday at $73,212 has actually broken. This is what we needed to see before changing our outlook.
Resistance: $73,414, then $75,368
Support: $70,310, then $69,159
As long as we're below the declining moving average, caution is the default.
If you're planning to get into Bitcoin, entering in installments can protect you:
1- First installment if it returns to $66,656
2- Second at $64,594
3- Third at $62,533
If it closes below $60,471, the plan has failed and you should exit. In that case, your loss would be around 6% of the amount, not the whole thing.
The gap between installments is 3% because that's Bitcoin's average daily move over the past 14 days.
Do your own research (DYOR) — this is a risk-management approach, not a recommendation.
What level are you keeping an eye on?
💛 Join Abu Malak's team: sign up on Binance with code ABOMALAK — a permanent discount on trading fees, plus access to our services and offers.
#CryptoNews #العملات_الرقمية #Binance
⚠️ Educational content for informational purposes — not investment advice. You are responsible for your own decisions.
The support we mentioned yesterday at $73,212 has actually broken. This is what we needed to see before changing our outlook.
Resistance: $73,414, then $75,368
Support: $70,310, then $69,159
As long as we're below the declining moving average, caution is the default.
If you're planning to get into Bitcoin, entering in installments can protect you:
1- First installment if it returns to $66,656
2- Second at $64,594
3- Third at $62,533
If it closes below $60,471, the plan has failed and you should exit. In that case, your loss would be around 6% of the amount, not the whole thing.
The gap between installments is 3% because that's Bitcoin's average daily move over the past 14 days.
Do your own research (DYOR) — this is a risk-management approach, not a recommendation.
What level are you keeping an eye on?
💛 Join Abu Malak's team: sign up on Binance with code ABOMALAK — a permanent discount on trading fees, plus access to our services and offers.
#CryptoNews #العملات_الرقمية #Binance
⚠️ Educational content for informational purposes — not investment advice. You are responsible for your own decisions.
