After the weekend adjustment, Bitcoin has not moved out of much of a trading range; instead, it has been continuing to oscillate within the same range as previously outlined.



At present, it appears to be weakening under the impact of geopolitical conflict. BTC has made multiple attempts to push higher from around the prior 64.5K area and then pulled back. In a weak market structure suppressed by multiple bearish factors, it is currently pressing near support but has not yet achieved an effective breakout. As long as it can hold the 62,000–62,600 zone—anywhere within that area—you can consider attempting longs. If it rises around 63,500, there is a possibility of once again testing the 64,500 area.
BTC3.63%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned