【Top 10 Crypto Traders’ Highlights Today｜BTC August 6】
Don’t treat 65,000 as a confirmed breakout in the early session. BTC is more like it’s changing hands below the resistance level.
Conclusion: The short-term bias is still bullish, but a more reasonable path today isn’t chasing the price—it’s to wait for a pullback to 64,200–64,000 that doesn’t break, then take another look at 65,000–65,200.
Traders’ original views:
1) Cheds Trading ( @BigCheds ) marked on the BTC daily chart that the price is challenging a local descending supply trend line. The key point is “challenging resistance,” not confirming a breakout.
2) TraderSZ ( @trader1sz ) updated the BTC chart with “BTC update.” On the chart, 64,622 is labeled as the resistance in front of us, 62,320 as the mid-range axis, and the yellow path indicates that after bouncing off the mid-range axis, price continues to probe higher toward resistance.
3) Daan Crypto Trades ( @DaanCrypto ) believes BTC’s daily and weekly charts continue to compress. The key zone is concentrated at 60,000–70,000. After compression, a big move is likely, but before confirmation, false breakouts and stop-hunting back and forth are also common.
Based on real-time market data: Binance collected at 07:04—BTCUSDT is around 64,624; 24-hour high is 65,025 and low is 63,880. The 4-hour EMA20 is about 63,992 and EMA50 is about 63,895. Price has already touched near 65,000, but it hasn’t yet turned 65,000 above into stable support.
Today, focus on only one route: around 64,600, continue to digest in a range—first pull back to 64,200–64,000. As long as the 4-hour timeframe doesn’t validly break below 63,800, the upside attempt toward 65,000–65,200 remains on the table.
Invalidation conditions: If a 4-hour close falls below 63,800, or if price quickly drops back under 63,600 and can’t reclaim it. If this signal appears, the bullish route for the morning is canceled.
This is not a guaranteed outcome, nor a promise of returns. 64,600–65,000 is a resistance zone, and with high leverage, it’s easy to get swept for losses back and forth.
Do you think BTC will first pull back to 64,000 and then surge to 65,000, or continue to trade sideways near 65,000?
#BTC #ETH #BNB
Don’t treat 65,000 as a confirmed breakout in the early session. BTC is more like it’s changing hands below the resistance level.
Conclusion: The short-term bias is still bullish, but a more reasonable path today isn’t chasing the price—it’s to wait for a pullback to 64,200–64,000 that doesn’t break, then take another look at 65,000–65,200.
Traders’ original views:
1) Cheds Trading ( @BigCheds ) marked on the BTC daily chart that the price is challenging a local descending supply trend line. The key point is “challenging resistance,” not confirming a breakout.
2) TraderSZ ( @trader1sz ) updated the BTC chart with “BTC update.” On the chart, 64,622 is labeled as the resistance in front of us, 62,320 as the mid-range axis, and the yellow path indicates that after bouncing off the mid-range axis, price continues to probe higher toward resistance.
3) Daan Crypto Trades ( @DaanCrypto ) believes BTC’s daily and weekly charts continue to compress. The key zone is concentrated at 60,000–70,000. After compression, a big move is likely, but before confirmation, false breakouts and stop-hunting back and forth are also common.
Based on real-time market data: Binance collected at 07:04—BTCUSDT is around 64,624; 24-hour high is 65,025 and low is 63,880. The 4-hour EMA20 is about 63,992 and EMA50 is about 63,895. Price has already touched near 65,000, but it hasn’t yet turned 65,000 above into stable support.
Today, focus on only one route: around 64,600, continue to digest in a range—first pull back to 64,200–64,000. As long as the 4-hour timeframe doesn’t validly break below 63,800, the upside attempt toward 65,000–65,200 remains on the table.
Invalidation conditions: If a 4-hour close falls below 63,800, or if price quickly drops back under 63,600 and can’t reclaim it. If this signal appears, the bullish route for the morning is canceled.
This is not a guaranteed outcome, nor a promise of returns. 64,600–65,000 is a resistance zone, and with high leverage, it’s easy to get swept for losses back and forth.
Do you think BTC will first pull back to 64,000 and then surge to 65,000, or continue to trade sideways near 65,000?
#BTC #ETH #BNB