Yesterday we mentioned that tonight was a day with a special chance of breaking through 65,000. With the support of news, Bitcoin broke through the 65,000 resistance last night under bullish conditions. The highest price reached around 65,800, but this breakthrough trend was not sustained. Now the price of Bitcoin has pulled back to around 65,100.
Many bloggers mentioned that the key upper resistance of 65,000 was particularly strong, and it was suppressed after multiple attempts to break through this week. I personally think that once the price breaks through 65,000, a larger upward trend will begin. After all, it has been sideways here for a week, and the strength should not be limited to around 65,800. It should be favorable to break through the 66-67 mark. At present, the lower support has been raised again. The reference is around 63,800. If the correction is not broken during the day or tomorrow, the bulls will make efforts to attack 66,000. $BTC $ETH
That is to say, as long as the exchange rate is not below 63,800 for a day, the short-selling force will not react too much. The current price has broken through 65,000 and has stabilized above it. If the exchange rate cannot break through 66,000 today, it will also oscillate in the 64,500/65,800 range, or wait until the key support below is raised higher and higher, and then make an impact later.
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