$BTC
Key Analysis Points:
1. Current Price: The price is hovering around 63,019, while the highest point in 24 hours was recorded at 63,700, and the lowest point at 62,350. This indicates a slight fluctuation in the price, reflecting a relatively stable market movement.
2. Support and Resistance Points:
Major Support: 52,550.00 is the recent low, making it a strong support point if a decline occurs.
Major Resistance: 65,000.00 is the main resistance as shown in the image. Breaking this point could indicate a strong upward move.
Key Entry Points:
1. Entry at Support: 52,550.00 is a strong entry point if the price drops to this level, as it represents a solid support area.
2. Entry after resistance breakout: If the price breaks above 65,000.00, this may indicate a new bullish wave and can be considered as a buy entry point.
3. Entry on bounce: If the price continues to move in the range of 62,350 to 63,700, you can enter if the price bounces from the lows near 62,350.
Recommendations:
Daily monitoring: Monitor the mentioned support and resistance points and make an entry decision based on the price action after a breakout or bounce.
Using technical indicators: such as RSI and MACD to make informed decisions.