๐จ $BTC RECOVERY IN PROGRESS - 64.5K RECLAIMED! ๐ฅ
BTCUSDT Perpetual
Current Price: 64,492.8 (+1.63%)
Bitcoin is showing strength after defending the lower levels and pushing back above $64,000.
Key Observations:
โข Strong bounce from the 59K area
โข Currently trading above short-term MA(7)
โข Still below MA(25) and MA(99) โ major resistance overhead
โข Healthy volume supporting the move
My View:
BTC is in a short-term uptrend but needs to clear the 68Kโ72K zone for a stronger bullish continuation. Holding above 63K is important for bulls right now.
Levels to Watch:
โข Support: 62,300 โ 63,000
โข Resistance: 66,500 โ 68,900
The structure is improving. Next few candles will be decisive.
DYOR | This is not financial advice. Trade at your own risk.
BTCUSDT Perpetual
Current Price: 64,492.8 (+1.63%)
Bitcoin is showing strength after defending the lower levels and pushing back above $64,000.
Key Observations:
โข Strong bounce from the 59K area
โข Currently trading above short-term MA(7)
โข Still below MA(25) and MA(99) โ major resistance overhead
โข Healthy volume supporting the move
My View:
BTC is in a short-term uptrend but needs to clear the 68Kโ72K zone for a stronger bullish continuation. Holding above 63K is important for bulls right now.
Levels to Watch:
โข Support: 62,300 โ 63,000
โข Resistance: 66,500 โ 68,900
The structure is improving. Next few candles will be decisive.
DYOR | This is not financial advice. Trade at your own risk.