Currently, it's a oversold rebound after a decline, not a reversal; 66,744 is the critical support/resistance line. Holding above it indicates a rebound; failing to hold may lead to a second retest. • After the false breakout, the price returned to the range, with no strong bullish signals. The rebound relies on oversold correction. • If the 4-hour chart breaks below 65,780, it indicates weakness; watch the 64,780–64,060 range. • Breaking below the previous low of 64,220 suggests a bearish trend toward below 63,630.
Trading Suggestions: Enter long on volume breakout above 66,720 / hold above 66,740 for a long position.
Enter short on volume breakdown below 65,870 / attempt a rebound but fail to recover above for a short position. $BTC
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Bitcoin Evening Outlook
Currently, it's a oversold rebound after a decline, not a reversal; 66,744 is the critical support/resistance line. Holding above it indicates a rebound; failing to hold may lead to a second retest.
• After the false breakout, the price returned to the range, with no strong bullish signals. The rebound relies on oversold correction.
• If the 4-hour chart breaks below 65,780, it indicates weakness; watch the 64,780–64,060 range.
• Breaking below the previous low of 64,220 suggests a bearish trend toward below 63,630.
Trading Suggestions:
Enter long on volume breakout above 66,720 / hold above 66,740 for a long position.
Enter short on volume breakdown below 65,870 / attempt a rebound but fail to recover above for a short position.
$BTC