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Where is Bitcoin headed? $BTC
Bitcoin surged during the day today, reaching around 64,000, then faced resistance and began to pull back. Currently, it's just a retracement; there's no such thing as a perpetual uptrend without a pullback. In other words, there's also no such thing as a perpetual downtrend without a rebound. Without any news-driven impacts, this is all normal market behavior.
Tonight, here are some trading suggestions for you:
1. Right-side trading:
Long strategy:
Condition: Bitcoin breaks above 63,170 with volume
Confirmation: Hourly level stabilizes above 63,200
Targets: 63,860 - 64,750
Short strategy:
Condition: Bitcoin breaks below 62,330 with volume
Confirmation: Hourly level breaks below 62,000
Targets: 61,750 - 61,100
2. Left-side trading:
Short positioning: Enter shorts around 64,000 - 64,500
Long positioning: Enter longs around 61,200 - 61,800
3. Gambling zone:
Gambling on longs around 62,330 - as mentioned before, this level is a support level worth gambling on, even if it drops to 60,000, entering with technical measures here can still get you out!
Not gambling on shorts for now. If you want to enter early, wait for the live stream! $BTC