BTC daily trend analysis 6.4

As you can see from the chart, the price is currently running in an ascending channel, and the overall trend is upward. Prices have pulled back somewhat since hitting highs in mid-May, but have recently shown signs of rising again.

### Support and Resistance

- **Support**: Near-term support is around 65,464.61, which is also an important price area. Further downside support is around 60,322.20 and 56,166.00.

- **Resistance**: The resistance level above is around 70,691.50, which is the previous high. A break above this resistance would likely lead to further upside.

### Technical indicators

- **Ichimoku Cloud**: Price is currently trading above the Ichimoku Cloud, indicating a strong bullish trend. The upper boundary of the cloud chart (65,464.61) provides a reliable support.

- **Moving Averages**: Both the short-term and long-term moving averages are in a bullish arrangement, supporting the view that prices will rise.

### Trading Signals

The chart shows multiple buy and sell signals:

- The most recent buy signal came after the price bounced around 65,464.61, indicating bullishness in the short term.

- A sell signal appears near 70,691.50, indicating that there is heavy selling pressure in this area.

### Summarize

Taken together, the current overall market trend is upward, but there is strong resistance near 70,691.50. In the short term, if the price can stabilize at 65,464.61 and break through 70,691.50, it is expected to continue its upward move. On the other hand, if it falls below 65,464.61, you need to pay attention to the support level below.

It is recommended to pay close attention to changes in key support and resistance levels and make trading decisions based on technical indicators and signals.