Please review the very short analysis of BTC (quick meal for posting):
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BTC: Confusion between resistances and supports
· Price: ~63,000$. · Main resistance: 65,000$ (failed to break through it 3 times). · Critical support: 62,300$ (breaking it opens the way to 60,000$). · Momentum: weakness in volumes and indicators in a neutral zone.
Summary: Bitcoin is trapped within a range of 62,300 - 65,000$**. A breakout upward may push the price to **67,000$**, while a breakdown could take us back to 60,000$**, then **58,000$**.
Management recommendation:
· Traders: Wait for a break of 65,000$ to buy or 62,300$ to sell. · Investors: Don’t enter now; wait for the 58,000$ area to accumulate or for confirmation of a break above 65,000$.