$BTC is hovering around 64,543; the sweet spot is getting close to the 64,762 resistance. The tricky part is that the recent volume is only 0.47 times the 20-hour average.
In this kind of market, I won’t rush to treat a bounce as a definite signal. The price may test the resistance first, but if the volume doesn’t back it up, 64.7k feels more like a test rather than a done deal.
My observation line is clear: hold above 63,418, and there’s still room for consolidation above; if it dips back and volume increases, I’d treat this bounce as a potential false breakout risk.
This is not investment advice. Will you wait for 64.7k to be effectively taken out, or will you first check if 63.4k holds?
#BinanceSquare #BTC #Crypto
In this kind of market, I won’t rush to treat a bounce as a definite signal. The price may test the resistance first, but if the volume doesn’t back it up, 64.7k feels more like a test rather than a done deal.
My observation line is clear: hold above 63,418, and there’s still room for consolidation above; if it dips back and volume increases, I’d treat this bounce as a potential false breakout risk.
This is not investment advice. Will you wait for 64.7k to be effectively taken out, or will you first check if 63.4k holds?
#BinanceSquare #BTC #Crypto