BTC Bounced From $67,568 - But Is This Real Recovery?
BTC dropped to $67,568 low, then bounced to $69,335.
24h Change: -5.70%
24h Low: $67,568 (HELD)
Volume: 2.17B USDT
What happened?
Sellers pushed BTC to $67,568, buyers defended it, and we got a +$1,767 bounce.
But Order Book flipped:
Bid 18.46% / Ask 81.54%
It means 81% people are now waiting to SELL.
So this bounce could be a Dead Cat Bounce.
Key Levels:
Resistance:
$69,685 - First hurdle
$70,953 - If breaks, bounce is real
Support:
$68,490 - Broken support
$67,568 - Most Important, must hold
$65,000 - Next if $67,568 breaks
$60,000 - Major level
My Plan:
I am NOT buying in FOMO.
I will wait for a 4H close above $70,953 to confirm.
Otherwise I am waiting for my ladder: $50K - $40K - $30K
What about you?
Are you buying this bounce or waiting for $50K?
#BTC #Bitcoin #BTCUSDT #Crypto #BinanceSquare
BTC dropped to $67,568 low, then bounced to $69,335.
24h Change: -5.70%
24h Low: $67,568 (HELD)
Volume: 2.17B USDT
What happened?
Sellers pushed BTC to $67,568, buyers defended it, and we got a +$1,767 bounce.
But Order Book flipped:
Bid 18.46% / Ask 81.54%
It means 81% people are now waiting to SELL.
So this bounce could be a Dead Cat Bounce.
Key Levels:
Resistance:
$69,685 - First hurdle
$70,953 - If breaks, bounce is real
Support:
$68,490 - Broken support
$67,568 - Most Important, must hold
$65,000 - Next if $67,568 breaks
$60,000 - Major level
My Plan:
I am NOT buying in FOMO.
I will wait for a 4H close above $70,953 to confirm.
Otherwise I am waiting for my ladder: $50K - $40K - $30K
What about you?
Are you buying this bounce or waiting for $50K?
#BTC #Bitcoin #BTCUSDT #Crypto #BinanceSquare
