BTC surged to around 65000 and indeed experienced a Long Wick Candle to the downside. However, it has once again received support above the consolidation zone. Today, we will see if BTC can operate above the 64000 support on the 4-hour chart. As long as the 4-hour closing price does not fall below 64000, there will be a 4-hour Relay pump. After last night's breakthrough, if the Long Wick Candle can stabilize above 64000 once again, the pump in this market will be more powerful. Targets: 65000, 65600. If it breaks through, look towards the vicinity of 68000. For this market to come down, the 4-hour closing price must fall below 63522. Only then will there be a Depth pullback. If the closing price does not fall below, it will still be in consolidation. If it falls below, the pullback target will be at 62281, 61277.
Today, the weekly chart closed above the support level, and both the larger and smaller timeframes are in a longer position. As long as the four-hour chart stabilizes at 64000, it will be a pump in line with the trend of the four-hour Relay. So do not short against the trend. Trading Strategy: Long Position Strategy: 1: Wait for the one-hour closing line to break through the Light Position near 64183, only 63500.Target: 65000.65600.68000 2: Revisit 62281.61277 near these two prices, wait for the one-hour closing to stabilize and go long. Short order idea: Consider shorting again near 68000.
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTC surged to around 65000 and indeed experienced a Long Wick Candle to the downside. However, it has once again received support above the consolidation zone. Today, we will see if BTC can operate above the 64000 support on the 4-hour chart. As long as the 4-hour closing price does not fall below 64000, there will be a 4-hour Relay pump. After last night's breakthrough, if the Long Wick Candle can stabilize above 64000 once again, the pump in this market will be more powerful. Targets: 65000, 65600. If it breaks through, look towards the vicinity of 68000. For this market to come down, the 4-hour closing price must fall below 63522. Only then will there be a Depth pullback. If the closing price does not fall below, it will still be in consolidation. If it falls below, the pullback target will be at 62281, 61277.
Today, the weekly chart closed above the support level, and both the larger and smaller timeframes are in a longer position. As long as the four-hour chart stabilizes at 64000, it will be a pump in line with the trend of the four-hour Relay. So do not short against the trend.
Trading Strategy:
Long Position Strategy:
1: Wait for the one-hour closing line to break through the Light Position near 64183, only 63500.Target: 65000.65600.68000
2: Revisit 62281.61277 near these two prices, wait for the one-hour closing to stabilize and go long.
Short order idea: Consider shorting again near 68000.