I'm taking this segment $BTC as a continuation play, not a directional one.
Price is sitting around 65,728.01 right now, and the volatility today isn’t too wild; what concerns me more is the market consensus is pretty tight, with everyone waiting on the same signal. I’m eyeing 66,992.00 as the upper resistance threshold; if we get close and there aren’t more buyers stepping in, it’ll feel more like a test rather than a new main trend starting.
For support, I’m looking at 65,360.92. If it breaks and can’t recover, we’ll have to put the short-term analysis on hold; holding above that level and pushing higher would indicate that there are actually buyers willing to step in.
This isn’t investment advice. Are you looking at BTC and waiting for it to regain the upper hand, or are you just observing if this retracement gets caught?
#BinanceSquare #CryptoEducation #BTC
Price is sitting around 65,728.01 right now, and the volatility today isn’t too wild; what concerns me more is the market consensus is pretty tight, with everyone waiting on the same signal. I’m eyeing 66,992.00 as the upper resistance threshold; if we get close and there aren’t more buyers stepping in, it’ll feel more like a test rather than a new main trend starting.
For support, I’m looking at 65,360.92. If it breaks and can’t recover, we’ll have to put the short-term analysis on hold; holding above that level and pushing higher would indicate that there are actually buyers willing to step in.
This isn’t investment advice. Are you looking at BTC and waiting for it to regain the upper hand, or are you just observing if this retracement gets caught?
#BinanceSquare #CryptoEducation #BTC