BTC has opened a long directly at 65,400 these past two days.


BTC has been grinding back and forth in the range of 65.0k to 66.0k these two days; today it dipped a bit downward. The current price is around 65.4k, and it has already touched the lower edge of the wedge line.
I previously kept thinking it would come to a deeper support in the 63.5k range, but this dip arrived and then held—there was no chance for it to go that low at all. This shows that the bulls’ willingness to pick up bids is stronger than expected; they don’t want it to fall too deeply.
Now this level is right at the wedge lower rail. It has probed the lows multiple times but has not truly broken through. The bottom line feels harder the more it’s tested, and there doesn’t seem to be much room for further downside dumping. This kind of price action—repeated tests that can’t break—usually means the sell pressure has already been digested for the most part, and the next move is most likely a rebound upward.
At around the current price of 65.4k, you can enter to go long directly; you don’t need to wait for even lower prices. The opportunity won’t last. If you wait for it to rise back and then chase, it’s not worth it. If you’re right on this call, there shouldn’t be a problem with running a rebound; capturing a move with a few thousand dollars worth of volatility is something you can see. #BTC $BTC
BTC-0.26%
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