#BTC #ETH Bitcoin 1-hour chart: for now, high-level consolidation has already appeared


1. Approaching the prior high at 67,250
2. Approaching the position of the major trendline where it has been dropping all the way from the top 126,000; the red line above in the chart is around 67,800
3. Daily MACD histogram shows divergence; 4-hour MACD has a dead cross

In truth, everyone wants it to become awesome, pulling all the way to 70k—but you also need to look at the actual situation. Trendlines at this level can’t be climbed in one shot, so spot longs should take some profits when appropriate. If today closes as a bearish (negative) candle, and tomorrow a big bearish candle slams you down, would you be bothered?

If it drops, first watch 65,300 and around 64,800. If it falls to 64,800, then 65,300 is very likely to turn back into resistance. I posted a chart with a divider line a few days ago—go take a look.
BTC-0.45%
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