Technical analysis in Bitcoin indicates resistance levels.
If Bitcoin cannot close above 71,500 or break above it, we may see a sharp decline. A resistance point, whether up or down, if not broken during testing, then the opposite resistance point must be broken. Therefore, if 71,500 is not broken, it is likely that the price will break below 65,500. And if such a decline occurs, short-term buying opportunities may arise. Of course, we will continue to share updates, and you can act accordingly. Stay tuned. Let us know in the comments if you have any questions. $BTC $ETH $SOL
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Technical analysis in Bitcoin indicates resistance levels.
If Bitcoin cannot close above 71,500 or break above it, we may see a sharp decline.
A resistance point, whether up or down, if not broken during testing, then the opposite resistance point must be broken. Therefore, if 71,500 is not broken, it is likely that the price will break below 65,500. And if such a decline occurs, short-term buying opportunities may arise. Of course, we will continue to share updates, and you can act accordingly.
Stay tuned.
Let us know in the comments if you have any questions.
$BTC $ETH $SOL