BTC RISE STRATEGY: BE CAREFUL WITH THE 66,500 RESISTANCE‼️
The Bitcoin (BTC) market fell to 62,500 levels in the morning hours, but there was a strong recovery. BTC rose to 64,000 at noon, and continued its upward momentum by breaking the 65,000 resistance level in the afternoon. With the opening of the US stock exchanges, BTC rose to 66,300 levels. However, one of the short-term transactions made in the evening hours resulted in a loss of 1,646 points. Ethereum (ETH) also rose in synchrony with BTC and showed an increase of 20 points.
The daily candlestick chart shows that BTC is in a strong upward trend, but is stuck at the 66,500 resistance. If this level is not broken, the price could pull back to 65,000. The market is expected to fluctuate around 66,000 throughout the night. In short-term strategies, short positions at high levels and long positions at low levels are prominent. The market is generally in an uptrend, but attention should be paid to key resistance levels.
Conclusion: Following the trend and considering critical resistance levels in BTC and ETH transactions is vital to optimize profits.