**$BTCUSD*
The upside prevails as long as 64,290 is support, with 65,991 and 66,412 as targets
Our pivot point is at 64,290.
Our preference: The upside prevails as long as 64,290 is support, with 65,991 and 66,412 as targets
Alternative scenario: below 64,290, expect 63,586 and 63,167.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 64,918 and 64,799).
*Supports and resistances:*Â
66,833 Â
66,412 _Â
65,991Â
64,988 lastÂ
64,290 __Â
63,586 Â
63,167
đš BTCUSD 30M Analysis | Bullish Structure Intact đš*
*Key Level To Watch: 64,290*
*Our Pivot Point: 64,290*
*My Preference: BULLISH* â
The upside prevails as long as 64,290 holds as support.Â
If buyers defend this level, the next targets are:Â
*Target 1: 65,991*Â
*Target 2: 66,412*Â
*Major Resistance: 66,833*
*Alternative Scenario: BEARISH*
If we break and close below 64,290, then expect a quick drop to:Â
*Support 1: 63,586*Â
*Support 2: 63,167*
*Technical Comment:*
1. RSI: Above neutrality at 50. Momentum favors buyers.
2. MACD: Above signal line and in positive zone. Bullish crossover active.
3. Moving Averages: Price at 64,988 is trading above both MA20 at 64,918 and MA50 at 64,799. Structure is bullish on short and medium term.
*Full S&R Map:*
*Resistances:* 66,833 | 66,412 | 65,991Â
Current:* 64,988Â
*Supports:* 64,290 | 63,586 | 63,167
*Trading Plan:*Â
Bulls want to buy dips near 64,290 with SL below.Â
Bears need a confirmed break below 64,290 to target 63,586 â 63,167.
Not financial advice. This is only technical analysis. manage your risk accordingly
Whatâs your call? 66K next or 63K retest? Comment below đ
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