Bitcoin is at a crossroads!
Hesitation around 66000, not enough momentum to push higher, and the volume isn’t keeping up. Short-term strength is definitely waning—but waning strength doesn’t mean a trend reversal, and it certainly doesn’t mean it’s time to go short!
The 4-hour uptrend structure is still intact, with higher lows being established. Until 65000 is effectively broken down, we can't easily label this rebound!
⚡️ There are two key levels:
Above 66800-67000 — a volume breakout is needed to open up the space!
Below 65000 — the last short-term line in the sand; if we break below and can’t reclaim it, watch out, this rebound could be a bull trap!
Chasing highs here isn't wise, and bottom fishing isn’t stable enough. It's best to wait for the market to choose its direction: either a pullback confirmation or a breakout confirmation!
The more critical the level, the more we should prioritize risk management!
$BTC
Hesitation around 66000, not enough momentum to push higher, and the volume isn’t keeping up. Short-term strength is definitely waning—but waning strength doesn’t mean a trend reversal, and it certainly doesn’t mean it’s time to go short!
The 4-hour uptrend structure is still intact, with higher lows being established. Until 65000 is effectively broken down, we can't easily label this rebound!
⚡️ There are two key levels:
Above 66800-67000 — a volume breakout is needed to open up the space!
Below 65000 — the last short-term line in the sand; if we break below and can’t reclaim it, watch out, this rebound could be a bull trap!
Chasing highs here isn't wise, and bottom fishing isn’t stable enough. It's best to wait for the market to choose its direction: either a pullback confirmation or a breakout confirmation!
The more critical the level, the more we should prioritize risk management!
$BTC