$BTC Is BTC a pullback or a reversal?

BTC surged yesterday to a high at 65,589. In the past period, we’ve kept saying BTC’s bottom is rising. This move is looking at 65,000—66,000. It’s currently right at the middle of that range. BTC has now broken 64,474 and has started to retrace. Below, there are several levels: 63,861—62,330—61,160, all key areas. This afternoon, price hit the 63,861 support; it’s currently held, but at 8:30 tonight there will be data released—let’s see if it improves!
As for the current market, don’t be too pessimistic. It can’t keep rising forever and then constantly “make up” with pullbacks. A pullback is what builds up upward momentum!
So tonight we’ll trade like this:
1) Right-side trading
1. Long strategy:
Condition: BTC breaks 64,474 with volume, then chase long on the right side
Confirmation: hold above 64,500 on the hourly timeframe
Targets: 65,300—65,800
2. Short strategy:
Condition: BTC breaks down below 63,664 with volume, then chase short on the right side
Confirmation: the hourly timeframe falls below 63,550
Targets: 63,170—62,580
2) Left-side trading
Longs: place longs around 62,500—63,150
Shorts: place shorts around 65,000—65,500
3) Battle (range) zone
63,664 is a key node. If it can’t break down, it’s likely to range-trade in the 63,664—64,474 quality zone. That range also has about 800 points of room. And if it breaks 64,474, the upside opens up. Even if it goes down, the lowest has strong support at 62,330, so it won’t run too far. If it doesn’t work, then use technical entries, or take it with a tight stop loss—whatever you prefer! $BTC