$BTC Update.


We marked this $64.5K level a few days ago and it's clear on the chart why. It was the breakout point, BTC spent a lot of time under it before breaking above on the US/Iran news.
The moment we broke back below it, the weakness was evident, so I closed our long exposure and took profits on the Shitcoins in discord.
We're now sitting at a minor support established during this local uptrend, aligning with the 0.75 pocket of the recent up move. A bounce to $64–65K is possible from here, but until we reclaim that zone with conviction, there's no point risking the long side — not after such a beautiful last few weeks.
#BTCUSDT
BTC0.47%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned