BTC is stuck around 65,000, with focus now on these two levels

BTC's current price remains oscillating near $65,000.

The biggest market characteristic in recent days is:

Unable to rise.

And unable to fall.

From a technical perspective:

Around $65,000 is a short-term balance zone between bulls and bears.

The first resistance level above:

$68,000.

This is an area where a large number of trapped and profit-taking orders are concentrated.

If volume breaks through $68,000.

Market sentiment has the chance to quickly rebound.

The next target will be around $72,000.

The support level below is at the $62,000-$63,000 zone.

This is an important defensive position for this round of rebound.

If it falls below $62,000.

The market is very likely to test the $60,000 round number again.

So the current trading logic is very simple:

Break through $68,000 to follow the trend.

Fall below $62,000 to manage risk.

Avoid chasing orders in the middle zone as much as possible.

Because oscillating markets love to frequently trap traders.

Do you think BTC will break through $68,000 first, or fall below $62,000 first?

Leave your opinion in the comments. #我的Gate交易时刻