BTC 63200-63500: try a long with light position sizing. Target 64200-64500, stop loss 65000.


If it rebounds to 64500-64800 but repeatedly fails to break through and faces pressure, consider a short and watch around 63500.
For a larger timeframe, buy in the 61300-61500 zone; place orders and wait—don’t chase the price higher.

BTC (Bitcoin) current quote is 63358. Yesterday it rapidly dropped from 65800 to a new low of 61300, then weakly consolidated above 63000. The daily Bollinger Band middle band support is 63515, the upper band is 63902, and the lower band is 63128. Price has fallen below the middle band; RSI is in a weak area below 40, and MACD red histogram bars continue to expand. On the 4-hour timeframe, the lows step down one by one, forming a descending channel. Resistance is at 64000-64500, support is at 62200-61300, and the defense level is 65000. #btc
BTC-5.51%
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