Do you know what a pullback is?

A pullback is a common movement in the financial market. Basically, it occurs when the price rises to a resistance level (a point at which it is difficult to continue rising) and, when it fails to overcome this barrier, it temporarily retreats. This retreat, known as a pullback, is a small correction before the price potentially tries to rise again.

Now, let's take the $BTC chart as an example. On the chart, #BTC rose to around $66,480, which acted as an important resistance. After touching this point, it was unable to maintain its upward momentum and began to fall, returning to the $63,298 range. This is what we call a #pullback : the price tests a resistance, fails to break it and returns to lower levels, possibly seeking support before attempting a new rise.

This movement can be an opportunity for both buyers and sellers. More experienced traders use pullbacks to enter or exit positions, taking advantage of corrections before a new trend takes hold. Stay tuned, as the next move could be decisive in defining Bitcoin's future trend.

And you, do you think $BTC will pullback or lose support in the $63k range?