$BTC
@Bitcoin
Is the support formed around 60k enough to prevent the ongoing dip in Bitcoin and bounce back to 70k, or will the resistance at 64k push it back down to 60k?
Despite the strong wall at 60k, there’s a lot of capital sitting on the sidelines eyeing other assets, and accumulation is happening quietly. Every second counts and can flip any analysis or trend on its head, so don’t risk more than you’re willing to lose.
Always trade around institutional supports and resistances. The blue zone is a strong support, and the red zone is a strong resistance. This doesn’t necessarily stop the price from continuing in either direction; it’s just a heads-up that there’s a force at that point that the trend needs to break to keep moving.
This doesn’t constitute any financial advice; always do your own research and analysis.
@Bitcoin
Is the support formed around 60k enough to prevent the ongoing dip in Bitcoin and bounce back to 70k, or will the resistance at 64k push it back down to 60k?
Despite the strong wall at 60k, there’s a lot of capital sitting on the sidelines eyeing other assets, and accumulation is happening quietly. Every second counts and can flip any analysis or trend on its head, so don’t risk more than you’re willing to lose.
Always trade around institutional supports and resistances. The blue zone is a strong support, and the red zone is a strong resistance. This doesn’t necessarily stop the price from continuing in either direction; it’s just a heads-up that there’s a force at that point that the trend needs to break to keep moving.
This doesn’t constitute any financial advice; always do your own research and analysis.