Big Coin and Small Coin Next Week Directional Analysis:



Big Coin and Small Coin are still very likely to trade in a range with an upward bias next week.

First, Big Coin: the current price is hovering around 64k. A few days ago it surged to above 65k but failed to hold, and then it fell. However, the support below at 62k to 62.5k is quite firm, so the drop shouldn’t be too deep. Next week, as long as this support can be held, it will most likely move to test the 65k resistance level. Once there’s a breakout above 65k with increased volume, you can then expect to see 66k, and possibly even higher. But if it breaks below 62k, then you need to be careful about a pullback toward around 61k.

Now Small Coin: the price action is basically following Big Coin. It’s currently around 1840 USD. The strong support is in the 1780 to 1800 range below—if it drops to here, you can buy for a long. The resistance levels are between 1900 and 1950 USD. If Big Coin can break through, Small Coin will also follow and push up for a move.

For trading, it’s recommended to buy on pullbacks to the support levels: Big Coin at 62.5k and Small Coin at 1800, mainly going long with a light position size. At the resistance levels: Big Coin at 65k and Small Coin at 1900, you can take profit or short briefly—strictly set your stop-loss. $BTC
BTC-1.17%
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