🚀 Technical Analysis Update for Bitcoin
Bitcoin shows strong momentum above the resistance level of $65,000. Key notes:
📈 The Relative Strength Index is approaching 70 - indicating bullish momentum but be cautious of overbought signals
🎯 Next resistance: $68,500
📉 Support levels: $63,200 and $61,800
A weekly candle close above $65K will confirm the breakout. Volume is increasing, indicating institutional accumulation.
⚠️ Risk Management: Consider taking partial profits if you are long above $67K
