$BTC is currently consolidating just below a key resistance zone at $66.5k, forming a potential bullish pennant on the 4H chart.
Key Levels:
Resistance: $66.5k - $67.2k (watch for breakout)
Support: $64.8k (crucial short-term floor)
Technical Signals:
RSI trending neutral at 52—room for upside.
Volume decreasing = likely volatility spike incoming.
MACD is flattening = momentum building.
What Traders Are Eyeing:
A clean break above $67.2k could ignite a rally toward $70k+.
Failure to hold $64.8k might retest $62.3k support.
Strategy: Scalp traders are watching for breakout confirmation w/ strong volume. Swing traders are considering limit buys on the dip + tight stop-loss. Smart money is accumulating during consolidation, not during FOMO.
Tip: Don’t trade noise—wait for confirmation. BTC moves fast when it breaks structure.
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