$BTC Right now, BTC is walking a tightrope at $64,000.
*If it breaks below $64K*
Then we're likely to see a drop to $59,000. Why? Because over the last 3 days, BTC has been hitting $64K and then retracing. Plus, the price is below the 7-day and 25-day moving averages, so the sellers are still in control. The RSI at 44.7 also shows that the bears have a slight edge.
*If $64K holds*
Then we could bounce back to $66K, then $68K. Why? Because buyers came in strong at $59K and pushed it back up here. Volume is also increasing near $64K, which means folks are eyeing this level.
*To sum it up simply:*
The market is indecisive right now. $64K is like a door. If it breaks, panic selling kicks in. If it holds, the short sellers will rush to cover and the price will shoot up.
So don’t rush into a trade just yet. Wait for today’s daily candle close above or below $64K. That close will tell us the next move.
#VanceDelaysUSIranSwitzerlandTalks
#IranOilFlowsSurgePostBlockade
*If it breaks below $64K*
Then we're likely to see a drop to $59,000. Why? Because over the last 3 days, BTC has been hitting $64K and then retracing. Plus, the price is below the 7-day and 25-day moving averages, so the sellers are still in control. The RSI at 44.7 also shows that the bears have a slight edge.
*If $64K holds*
Then we could bounce back to $66K, then $68K. Why? Because buyers came in strong at $59K and pushed it back up here. Volume is also increasing near $64K, which means folks are eyeing this level.
*To sum it up simply:*
The market is indecisive right now. $64K is like a door. If it breaks, panic selling kicks in. If it holds, the short sellers will rush to cover and the price will shoot up.
So don’t rush into a trade just yet. Wait for today’s daily candle close above or below $64K. That close will tell us the next move.
#VanceDelaysUSIranSwitzerlandTalks
#IranOilFlowsSurgePostBlockade