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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