BTC is currently consolidating at high levels, just waiting for a breakout in a certain direction.



The market is very clear: prices are repeatedly testing the 67,800-69,500 range, with bulls and bears temporarily stalemated, ready to choose a side at any moment.

Pay close attention to these two key levels:
Strong resistance above at 69,000-69,500. Once a volume breakout occurs, the upside potential will open up immediately.
Strong support below at 67,800-68,000. If this level is effectively broken downward, a correction will begin.

Here's the trading approach clarified for you:
For those holding positions, move your stop-loss up to below 67,800. If the price reaches 69,000-69,500 and encounters resistance, consider taking partial profits.
For those without positions, don’t act impulsively—avoid chasing highs or guessing the direction blindly:
If you want to go long, wait for a volume breakout and a stable hold above 69,500 before following the trend, or wait for a pullback to 67,800-68,000 for a low-entry.
If volume breaks through 67,800 with strong momentum, it’s also okay to try shorting with a small position.

In summary: trade within the range by buying low and selling high to profit from the spread. If you don’t want to bother, just wait for a breakout to follow the trend. Focus on whether the resistance at 69,000-69,500 can be broken—this is the key point moving forward.
BTC2,68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin