$BTC BTC/USDT — bull or bear? And who knows... but the chart speaks for itself!
Bitcoin is back on stage and shows that it's not ready to retire yet. Let's take a brief look at the technicals:
1H Chart:
EMA 50 > EMA 200 — golden cross? Almost like the blessing of a bull season!
RSI at ~65 — just a little more and Bitcoin will say: "I'm in the overbought zone, but I'm fine".
Volume is increasing — it seems someone is seriously building a position... or the Whales are just playing Monopoly.
Levels to watch:
Support: $62,800 — if it drops here, don’t panic, it’s not the apocalypse (for now).
Resistance: $64,500 — if it breaks through, it could fly to the moon... or at least to $66K.
My plan:
I’m waiting for a breakout with confirmation. If there’s a retest of the level — I’ll enter long. If not — I’ll pretend I was just analyzing and had no plans.
Trading is chess, not roulette. But sometimes it feels like we’re playing backgammon with the Universe.