$BTC BTC is currently facing very strong resistance and it is difficult to break through. Considering that tomorrow is the 23rd issuance day of the Ethereum spot ETF, this may bring a market recovery and an influx of new liquidity. But which areas are important?
First, the most important area is 68650, which is almost the strongest resistance level; second, 68250, which is a good area; the third area is 67950. These are the areas where BTC may stay tomorrow. Please note that if BTC touches the 68650 area, it will be a real rise. We are not mentioning the areas of volatility decline at present. First, 67500 is a callback area. If the market breaks negatively, the above area will also be a strong resistance level.
Secondly, 67150 is a very important area for BTC to stay above 67000; finally, if BTC touches 66750 but does not fall below, then there may be a rebound, but if it falls below this area, then the target will be the 65850 and 65400 areas. BTC's 4-hour RSI indicator is negative, with an area of 59.08, and the negative area also includes 62.18. The breakout in the 70.00 area failed, so the upward trend must be retested, focusing on the 50.00 area.
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