$BTC Rectangle Pattern



If lower range support at 62.4k holds, it's likely we see a retest of 64k+

However, FVG's below + 3d liquidation suggest downside is also possible.

Rectangle patterns are fundamentally neutral.

So it's best to be patient in situations like these.
BTC-0.27%
post-image
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
  • 9
  • 2
  • Share
Comment
Add a comment
Add a comment
MintStop-LossPatch
· 1h ago
This kind of market condition is best for relaxing with tea and watching a show.
View OriginalReply0
L2LunchBoy
· 2h ago
FVG below looks a bit scary
View OriginalReply0
ReboundAtTheStreetCornerAfter
· 3h ago
Rectangles are just meant to torment people; brothers holding positions, stay strong.
View OriginalReply0
GateUser-9568ced5
· 3h ago
62.4k is the life-and-death line; break it, and withdraw.
View OriginalReply0
MildRugAllergy
· 3h ago
Neutral stance = Watching the situation, no problem
View OriginalReply0
CancelingOrdersIsLikeBreathing
· 3h ago
Wait until there's a breakthrough before following, don't guess the direction
View OriginalReply0
RetroRadio
· 3h ago
Rectangular arrangement, patiently wait for the direction
View OriginalReply0
BluePeonyPlan
· 3h ago
If 62.4k holds, then retesting 64k+ is indeed promising, but the FVG and liquidation data below cannot be ignored; neutral structures are the most frustrating.
View OriginalReply0
DaoAfterparty
· 3h ago
Three days of settlement data suggest downside risk; I prefer short on this rectangle.
View OriginalReply0
View More
  • Pinned