$BTC today's update

when to buy? when to sell? .. what's going on? 64k or 70k? what next? 🧑‍💻

the price is currently sitting around $68,013 with a recent high of $69,566, and we are witnessing a dramatic journey!

Support and Resistance Analysis

Resistance (Orange Line): Around $69,500 - You see how the price banged into this level and got rejected multiple times? The bulls charged with fiery force but were brutally rejected at this point! Watch it like a hawk. Any breach of this area could spark a wild run toward the $70,418 zone, the next likely target, where things get even more thrilling!

Support Levels:

Primary Support: $64,165 - This level held like a cliff’s edge, where the price once plummeted but refused to fall further. If the price slips below here, a horrible plunge could drag BTC into the $57,911 abyss.

Critical Lower Support: $52,510 - A nightmare scenario if the price reaches this! It’s the trapdoor to the dungeon.

Buy and Sell Signals

Buy Signal (When to Enter):

If BTC breaks past the $69,566 level with significant volume, it’s your cue to jump in! The bulls would have broken free, and you could ride the thrill as the price charges toward $70,418.

Alternatively, a bounce from $64,165 (if tested again) could be a terrifyingly good buying opportunity, with a stop loss below this support.

Sell Signal (When to Exit):

If BTC fails to break $69,500 again and forms a lower high, brace for a horrid downturn. That’s your cue to sell and watch for potential support around $64,165.

If BTC slices below $64,165, the panic could set in, and it's time to hit the eject button, expecting it to nosedive toward $57,911.

Indicators for Confirmation:

RSI (20) at 56.51 suggests we’re not in overbought territory just yet, but it's creeping close. If it peaks above 70, be cautious for a potential reversal or take profit. RSI (80) at 55.60 shows room for further upside before exhaustion. If both spike, it might signal the bulls are losing steam.

Prepare yourself; the storm is brewing! Will you ride the wave to glory or brace for a disastrous fall? Keep those support and resistance levels locked in, and trade like your heart’s racing!

$SOL $NEIRO #USJoblessClaimsDip #EthereumPectraUpgrade #ETHBTCNewLow #BTCMiningDifficultyRecord #BTC☀