For Bitcoin to break higher, it needs to hold steady at two key price levels: 67,588 and 67,850. Right now, though, the price seems to be facing resistance, and there’s a chance it could pull back to test the support around 67,000. If this support doesn’t hold, the price may continue to drop towards its previous low.
It seems likely that today’s movement will fluctuate between 65,500 and 67,500. The strategy would be to consider shorting when the price nears the 67,500-67,800 range, and look for long opportunities if it dips to the 65,500-66,000 area. Whichever level holds will determine the short-term trend.
Despite the current pullback, the long-term outlook remains bullish. This drop should be viewed as a correction rather than a reversal. Shorting in this period may offer some short-term gains, but the broader upward trend remains intact.
