Today, Bitcoin is not trending strongly; it’s just holding a breath in a weak phase. Bitcoin's intraday high is $64,607, and the intraday low is $63,226. The price has moved back close to $64,600, but the high and current price are almost together, indicating that the bulls are not attacking aggressively but are trembling as they reach the resistance level.


The first resistance level for Bitcoin is between $64,600 and $64,800, with strong resistance at $65,500 to $66,300. The first support below is at $63,226; if broken, the next support is at $62,300, with strong support at $61,500.
The judgment is straightforward: Bitcoin may have a short-term rebound, but there is no breakout yet. Until it stabilizes above $64,800 with increased volume, this move can only be called a weak correction, not a reversal. If it cannot break above $65,500, the bulls are just talk, and the candlestick lacks momentum. $BTC
BTC-3.28%
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