$BTC Bitcoin Update
Main TP Zone Hit (618 Fib): We've reached the 618 Fibonacci retracement level. It's possible we'll see a stop-hunt around the $69k mark.
Key Support at $64k: This level needs to hold as support now. Staying above $60k puts us in a strong position for new all-time highs (ATHs).
Potential Retest Levels: Ideally, I'd like to see a retest around $63k-$62.5k, but this seems a bit distant for now.
ETH/BTC Weakness: The weakness in ETH/BTC isn't favorable for altcoins. It appears Bitcoin will lead the market once again. Hence, longing Bitcoin at the dips is a logical strategy.
Important Trading Advice:
- Do Not Long Resistances: Always wait for a breakout and a subsequent retest before entering a long position.
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