Is BTC accumulating momentum or building positions? $BTC


Neither the news on the Middle East situation nor the Fed's monetary plan at 2 a.m. has moved BTC's trajectory. The verbal sparring between the orange-haired guy and the bald-headed guy has been quite entertaining—one jab after another, with a nice rhythm—but in the end, nothing escalated. The orange-haired guy took a tough stance, and Iran didn't back down either! You guys play your game, just don't spout nonsense!

Coming back to BTC: the current upside resistance is at 62,330. Only with a volume breakout above 62,330 and a firm hold above 62,586 will the uptrend continue. A volume breakdown below 61,463 will extend the downtrend. So where are all the key levels? Right there at 62,586 and 61,463!

This afternoon, we'll only write about left-side trading; for right-side trading, refer to yesterday's analysis, since we're still in a narrow range consolidation.

1. Left-side trading
Enter long positions near 61,100–61,500
Enter short positions near 62,300–62,800
$BTC
BTC1.73%
BTC1.74%
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0xCouchPilot
· 12h ago
The long position at 61,500 on the left has already been set up in advance—I just hope they don’t sweep me with a quick stop-out. This choppy, grinding back-and-forth is exhausting, mentally.
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MarginMom
· 12h ago
The yellow-haired guy and the flat-headed guy trash-talking each other is way more entertaining than the market. BTC is basically pretending to be dead right now—only when they really start fighting will it move.
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