Bitcoin price 64.5k is about to be reached, where will it go next?

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First of all, let's review the price. At the 4H level, the price has been up and down many times, oscillating downward. It is about to reach the previously mentioned 64.5k. This is the most important AR low point. If it is hit here, then the long stop loss of this round of rise should be swept away. Pay attention to the gap between 63-64.5k. There is a high probability that it will be covered here. 61.5-63k is a potential retracement area. Pull the previous transaction distribution, POC almost perfectly falls on the upper edge of the retracement area, and say more, the 0.618 retracement since 56k also happens to fall in this area. There are multiple resonances here, which is the starting point for the bulls to organize a counterattack. The MACD volume at the 4H level seems to have diverged at present, and the falling volume is continuing to weaken.

Switching to the perspective of the large channel, the price continues to move near the central axis, and VAL almost coincides with 0.618. If the price can sweep the long stop loss below VAL and then stand back, combined with other confirmation factors, it is an opportunity for longs to try to go long.

For shorts, the profit target of short positions is about to be reached. You can move the defensive stop loss and try to take partial profit near the central axis of the large channel. The second profit target can be placed near the lower edge of the channel. It is not recommended to enter the short position without holding a position. Pay attention to the funding rate, which has begun to fluctuate towards the negative rate.

For longs, you can focus on several price positions, 62.9k, 61.5k and 59.9k, which are all potential reversal positions. Furious longs can try to place ladder long orders on the left side of these three places in batches, and aggressive longs can enter on the right side of these three positions. Conservative longs are not recommended to participate and need to observe the trend further.

I don't like watching the market, I prefer the left-side trading strategy, the trading strategy is time-sensitive, all comments do not constitute any investment advice, I wish you all good luck~