#Bitcoin LATEST STATUS 19:00 4H CLOSING
(SUMMARY-REMINDER)
After breaking out of the falling trend, it touched the trend line twice and started its journey to the resistance zones, with the support of the support zone and the trend intersection zone at the end.
Then, we saw a sharp move to the 64.747 resistance area, followed by a breathless price movement to the 66.819 resistance area. Immediately after taking a breather in this region, it made a test to the $64.747 region, which it broke as resistance, and as it received a reaction from this level again, the 66.819 region was surpassed.
So, if we interpret the last 28 hours, what kind of price movement awaits us?
We see price action above the $66.819 resistance after it was breached. After the resistance was overcome, the price has been continuing to move just above $66,819 for 28 hours. It may also turn this level into a support zone.
Now we can briefly say this.
Unless we see a 4s candle close below 66.819, the new resistance level is 71.285.
Let's say we saw a candle close below the support level of 66.819, there is no problem as long as it does not fall below the lower support level of 64.747.
If we see a candle closing below 66.819, it will probably create a range structure between 64.747 and the price will be horizontal there.
NOTE: The old resistances we mentioned are now confirmed as support.
But I say again, if it can provide support to the 66.819 region, the first TARGET is 71.285.
