$BTC at $65,216 (-2.7%) · $ETH at $1,810 (-4.5%)
The support we mentioned yesterday at $66,750 has actually broken. This is what we needed to see before changing our outlook.
The first line of defense is at $62,165 and the second at $60,179. Overhead resistance is at $67,291, followed by $70,432.
As long as we're below the declining average, caution is the default.
If you're planning to get into Bitcoin, scaling in can protect you:
1- First tranche if it returns to $62,607
2- Second at $59,999
3- Third at $57,390
If it closes below $54,781, the plan has failed and you exit. At that point, your loss is around 9% of the amount, not all of it.
The spacing between tranches is 4%, since that's Bitcoin's average daily movement over the last 14 days.
Do your own research (DYOR) — this is a risk-management approach, not a recommendation.
Do you agree with this outlook, or do you see something else?
💛 Join Abu Malak's team: sign up on Binance with code ABOMALAK — get a permanent discount on trading fees and access to our services and offers.
#CryptoNews #العملات_الرقمية #Binance
⚠️ Educational content for informational purposes — not investment advice; the decision is your responsibility.
The support we mentioned yesterday at $66,750 has actually broken. This is what we needed to see before changing our outlook.
The first line of defense is at $62,165 and the second at $60,179. Overhead resistance is at $67,291, followed by $70,432.
As long as we're below the declining average, caution is the default.
If you're planning to get into Bitcoin, scaling in can protect you:
1- First tranche if it returns to $62,607
2- Second at $59,999
3- Third at $57,390
If it closes below $54,781, the plan has failed and you exit. At that point, your loss is around 9% of the amount, not all of it.
The spacing between tranches is 4%, since that's Bitcoin's average daily movement over the last 14 days.
Do your own research (DYOR) — this is a risk-management approach, not a recommendation.
Do you agree with this outlook, or do you see something else?
💛 Join Abu Malak's team: sign up on Binance with code ABOMALAK — get a permanent discount on trading fees and access to our services and offers.
#CryptoNews #العملات_الرقمية #Binance
⚠️ Educational content for informational purposes — not investment advice; the decision is your responsibility.
