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
BTC0.34%
BTC0.37%
View Original
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
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
SlippageSamurai
· 10h ago
Has the conditional order for breaking through 63170 on the right side been placed? I feel the volatility tonight won't be small.
View OriginalReply0
CyberBridgeShadow
· 11h ago
This analysis is detailed enough, but I choose to sleep and see the results tomorrow morning.
View OriginalReply0
NeonUmbrella
· 11h ago
I've been watching the 62330 battle zone for a long time. If it really drops here, I will definitely take it, and the stop loss is easy to set as well.
View OriginalReply0
DustyAlpha
· 11h ago
Passing by on the left where 64000 is hanging in the air—already ready to get stabbed with a pin, haha.
View OriginalReply0
ThereIsTvlInTheWind
· 11h ago
Hourly level confirmation is a crucial concept; many people get trapped by false breakouts because they don't wait for confirmation.
View OriginalReply0
  • Pinned