BTC midday market analysis on September 24

The current BTC price is $63,287. It shows that BTC has rebounded from the low point to close to the upper trend line and tried to break through the previous high. The price has touched this area several times, showing that there is strong resistance above. The KDJ indicator has entered a high level, indicating that the market is overbought in the short term and may face correction pressure. Although the MACD bullish momentum is still there, it is gradually weakening, indicating that the upward momentum has weakened.

Resistance level: 64,000 to 65,000 range. If the price can break through this range, it may further rise to 66,000, which is also an important resistance level.

Support level: 62,000 to 60,000 range. If the price falls below 62,000, it may pull back to around 60,000, which is also an important support level before.

Short-term trading: If the price breaks through 64,000 and stabilizes, consider short-term long orders with a target price of 65,000-66,000. If the price fails to break through and falls below 62,000, it is recommended to stop loss and wait and see.

Long-term trading: If the price fails to break through 65,000, consider waiting and watching. If the price falls back to 60,000 and stabilizes, consider opening positions in batches and wait for clearer long-term trend signals. $BTC