Bitcoin Daily Chart Analysis:
● Current Status:-
-Retest Zone: $BTC has perfectly retested the $64,000 zone.- Trendline Observation: Considering the trendline, BTC might retest the upper trendline, which serves as resistance around the $66,000 zone.
● Potential Movements:-
1. Breakdown Scenario: If $BTC breaks down below $64,700, it could drop directly to $63,400.
2. Liquidity Grab: There's a possibility $BTC could wick down to $61, 000 to grab liquidity.
● Entry Strategies:
1. First Entry:
• Entry Point: Long entry at $63,400.
• Stop Loss: Set a proper stop loss at 1.5% to 2%.2.
2. Second Entry (if stop loss is hit):
• Entry Point: Long entry between $61,000 and $61,400.
• Stop Loss: Set a proper stop loss.
● Disclaimer: This analysis is based on personal observation. It's important to perform your own analysis before making any trading decisions.
