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Please read carefully and try to understand whole situation right now going on.
Here you can see BTC recently has pumped from 59.6K to 65K. BTC made a Bullish wick at 59.6K which was super to see but with less volume.
Then it broke the major resistance which was around 64.5K with a huge volume. Then it continued to consolidate between 64-65K for 2 days without volume or with very little volume.
Now in this 1hour TF chart, we can see BTC has been traded around 65K and broken the short-term support line. Now what? Now it will retest the previous major resistance as support which is around 64.5K. If it can hold there, it will bounce back and move upwards. But if it can't hold and break the support successfully 63K-61.7K if there is not any heavy selling pressure.
In short, If any buying pressure comes right now, it will go upside but I want to say that the pullback looked like a strong bull move but later on it lost its strength and can go further down. If you are holding any long position, hold with tight SL and buy lower again to maximize profit. That's all.
I was thinking of giving a market update earlier but I was busy the whole day for which I could not give any single tweet or update on Twitter or x. Anyways, you still have time to put SL. No worries.
This is all my thoughts. Not any financial advice.
