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#BTC Bitcoin weekend market update: a battle between bulls is full of uncertainties!
At the daily level: the price has turned bullish twice in a row; the current price is consolidating around 64k. MACD and KDJ have resumed the golden cross. The current price is also near the upper edge of a bearish downtrend channel. The “seal” on the shorts has loosened somewhat. Over the weekend, two days of trading need to guard against the price pushing higher again—and that higher move has been running like a needle-like spike!
Overall, around 64k there are significant variables; buy and sell order flows should be handled with light positioning, leaving enough buffer space. Entry levels can be referenced near the resistance and support levels!
On the upside: initially, watch the 7.7-day high around 64,729 as the resistance level. Further resistance to watch is around 65,338 near the upper Bollinger Band! (near the short liquidation level)
On the downside: initially, watch support around 61,773 near the middle Bollinger Band. Further support to watch is around 58,208 near the lower Bollinger Band!
$BTC
The above content is for reference only and not investment advice
At the daily level: the coin price has turned bullish for two consecutive days. Current price is consolidating around 64k. MACD and KDJ have regained a golden cross. The current price is also near the upper edge of a bearish downward channel. The “shorts’ seal” has loosened somewhat. Over the weekend’s two days, be sure to guard against further spikes in the coin price—already this spike is running as a pin-like spike!
Overall: around 64k there are significant uncertainties. Buy/sell orders are likely active, so handle with light positions and leave enough room. Entry levels can be referenced near the resistance and support levels!
On the upside: initially, watch the 64729 level near the 7.7 high point as the resistance. Further resistance to watch is around 65,338 near the upper band of the Bollinger Bands! (near the short liquidation level)
On the downside: initially, watch support around 61,773 near the Bollinger middle band. Further support to watch is around 58,208 near the Bollinger lower band!
$BTC
The content above is for reference only and is not investment advice