The two-day rebound in BTC for now appears to be capped, stalling below the 64,500 pressure level and unable to move further. Yesterday, we took profit from three consecutive shorts around the 64,000 area.



After the morning drop to 62,400, it saw a rebound—it's currently moving around 63,400. For now, BTC is still trading in a range. There are opportunities to profit whether going for highs or lows: for the upside, we’ll continue to watch the 64,500 pressure level; for the downside, keep an eye on whether 62,400 breaks down. If you’re looking to short, currently at 63,400 you can open a position and leave a add-on/cut-in spot at 64,400.
BTC-2.3%
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