A lot of people are becoming bullish again because Bitcoin bounced from the $62k area and is now trading around $64k.
But when I looked at the chart, I didn’t see any good reason to get excited.
BTCUSDT
Διην.
63,913.9
-0.69%
is currently stuck between support around $62k and resistance around $64.5k-$65k. And the interesting part is that every time $BTC gets close to that $65k area, sellers show up.
That’s why I’m watching this zone very closely.