Bitcoin Btc (latest view)

This article only states the current perspective; a short-term direction will be given only after it becomes clear.

The basic idea, but right now it’s still not certain whether the short-term move is a rebound or continued range-bound consolidation—this is currently a critical area. Looking back at the past two bearish waves, both showed the same kind of rebound during the 7-8 month period.

The current idea from the chart is relatively straightforward:
1. If it fails to break out of the structure and overcome the resistance level, then wait for it to generate a signal and continue placing sell orders, targeting around 58.

2. If it drops to around 58 and then shows rebound strength, choose the right timing to place buy orders.

3. Whether it breaks out in the current direction, or first drops to 58 and then finds opportunities to build a position and buy, the overhead resistance levels are around 66 and 73—two key spots.

Just for entertainment and sharing only; not any advice