BTC Potential Pullback After Upside Move to $66K-$67K
Description: Bitcoin has shown bullish momentum recently, with prices climbing towards the 66K-
67K range. However, caution is advised for traders. Historically, sharp pullbacks often follow price rallies, especially when key psychological levels are tested.
Scenario:
Bullish Case: Bitcoin could rally further to the 66K-67K range, reaching resistance levels. If this level is broken, we could see a continuation toward 70K.
Bearish Case: After hitting 66K-67K, we may experience a major correction. A strong rejection in this range could trigger a pullback, possibly to 60K or even 58K & 43k$, depending on market sentiment and volume.
Strategy:
For Long Traders: Be cautious as BTC nears the 66K-67K range. Consider setting tight stop-losses in case of a sudden reversal.
For Short Traders: Watch for signs of weakness at resistance levels (bearish divergence, volume dropping, etc.) before entering a short position.
Follow me for more Premium trade setup.
67K range. However, caution is advised for traders. Historically, sharp pullbacks often follow price rallies, especially when key psychological levels are tested.Scenario:
Bullish Case: Bitcoin could rally further to the 66K-
67K range, reaching resistance levels. If this level is broken, we could see a continuation toward 70K.Bearish Case: After hitting 66K-
67K, we may experience a major correction. A strong rejection in this range could trigger a pullback, possibly to 60K or even 58K & 43k$, depending on market sentiment and volume.Strategy:
For Long Traders: Be cautious as BTC nears the 66K-
67K range. Consider setting tight stop-losses in case of a sudden reversal.For Short Traders: Watch for signs of weakness at resistance levels (bearish divergence, volume dropping, etc.) before entering a short position.
Follow me for more Premium trade setup.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.