$BTC reached 64000 as expected, what's next? Up or down? Key levels and trading strategies are here!
Last night, I made it clear: as long as we break above 62000, the target is 64000-65000. I also emphasized that if the 60800-61000 zone can hold as support, we would bounce back to 64000.
The market validated this perfectly—after dropping to 61100, we found support and quickly kicked off a bounce, and the 64000 target has been successfully hit.
Now, the burning question on everyone's mind: are we continuing to rise or are we turning back down? Have we hit the bottom?
👉 My conclusion is clear: the bottom has not been hit, and this isn't a reversal; it's merely a dead cat bounce. After this rebound ends, we are likely to head down again.
Regarding operations in the 64000-65000 zone:
· Is the bounce around 64000 over? We can't confirm that 100%, but there’s clear liquidity near 65000, and there's a technical gap that needs to be filled.
· If the funding rate stays aligned, the market could very well touch 65000, completing the “liquidity hunt” for this wave.
· Short strategy: I recommend gradually opening short positions in the 64000-65000 range. Is 65000 the limit? Uncertain, but this level holds significant short value. After the first liquidity hunt, prices are expected to drop back.
Looking further, if the bounce exceeds expectations:
· The next key resistance is around 68000. If the market continues to extend upwards, 68000 will be a more ideal short position.
📌 Summary:
· Short-term bounce hasn't confirmed it's over, but the upside is limited; 65000 is a strong resistance zone.
· The trend hasn't reversed; the bounce is a short opportunity.
· Gradual positioning for shorts; first target is 64000-65000, with a stop reference at 68000.
#分析 #conan