$BTC Synthetic Analysis from Experts
đ Technical Analysis
⢠Main trend: Strongly bullish with MA(7), MA(25), and MA(99) all supporting.
⢠Important resistance: $68,400 is the strongest level at the moment. If the price fails to break above this level, a small correction or short-term consolidation is likely.
⢠Nearest support: $65,000 - $66,000 is a strong support.
⢠Trading volume has decreased slightly in recent candlesticks, which may signal hesitation from buyers. If there is no new money flowing in, the price may correct to the support level before continuing to increase.
đ Short-term Trading
⢠Entry Strategy:
⢠If the price breaks above $68,400 with high volume, you can buy the breakout and target the next levels such as $70,000 or $72,500.
⢠If the price fails to break above $68,400 and turns down, wait to buy at the support zone of $65,000 - $66,000.
⢠Stop Loss: Place a stop-loss just below $64,500 in case the price continues to fall to limit risk.
⢠Short-term Selling Strategy:
⢠If there is a strong bearish signal from the resistance of $68,400, you can short-sell short and target the $66,000 zone.
⢠Current Sentiment: With 53% Long orders and 46% Short orders, the market is quite balanced between buyers and sellers. The buyers have a slight advantage but not overwhelming, which suggests a short-term correction is possible if the market faces pressure from resistance.
⢠FOMO money flow: If BTC breaks the important psychological level of $68,400, FOMO may occur, pushing the price up to $70,000 quickly.
⢠Psychological risk: If the price fails to break the resistance and turns down, buyers may lose patience
