Next week’s BTC decision: will it dip to 58,000 or surge to 68,000?


Judging from the chart, BTC has been ranging in the 62,000 support to 65,000 resistance zone for nearly half a month. Many friends have profited a lot by trading back and forth within the range. However, a range-breakout move is coming soon—how to protect your current profits is the top priority right now.
During the ranging phase, just keep a close watch on the key levels: resistance at 65,600 above, support at 62,000 below. For short-term trades, operate around the range’s highs and lows. Be sure to set and follow stop-loss strictly to avoid big losses caused by a one-sided breakout.
Once the range is effectively broken, it will be an excellent time for a long-term setup. Everyone should mark your target levels in advance and wait for a market signal to enter when the moment is right.
From the order-book structure, personally I’m more inclined toward a bullish trend: the lower support keeps rising. The bottom supports keep stepping up at 61,200, 61,500, 61,800, and 62,500, while the overhead resistance also steadily climbs—an intact mid-term upward structure.
Trading plan: if BTC retraces to around 63,000–62,000, open a small long position; if it falls to 61,500, add and increase. Use a unified defensive stop-loss at 60,800. For long-term targets, first look at 66,000; if it breaks through, continue watching for 68,000. $BTC $ETH #PreIPOs第二期OpenAI认购
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