Hmmm.. BTC has broke the 65.5k resistance twice already. Meaning the selling in this price zone has been pacified.
For weeks now, the daily chart has a KDJ Bounce back target of 71k. This the reason why the bears can't drag the price lower coz 71k is pulling it back up each time.
Since resistance is weak, 71k is possible, and yes 72k too, or even more. Who knows how far this goes? One one for sure, not even Satoshi. đ
But although the chart is bullish let's always anticipate a dip, since candles will forever move in zigzag. It has to seek support and climb back up each time.
In the 15minute chart, we have a 63.8k KDJ dive down target, and the 1H support is arround 63k-64k. So the safest entry is somewhere below 63. 8k.
But don't catch falling candles coz we have no means to know how deep a dip will be. Only strike an entry when candles move sideways, coz that means the selling has died down.
AND strap a tight SL. ONLY risk 2% of your capital if you're in futures. Protect your portfolio guys. Don't blame me or anyone if you get liquidated. We are traders, we are risk takers. It's part of the game.
Oh follow this creator. Nice annalysis. đ
And checkout PITBULL Token if you haven't.
