Bitcoin has now fallen below 67,500. If it further breaks below 67,000, a sharp dip to the bottom is highly likely.
The key support below is in the 64,500–63,000 range. You can consider positioning for a rebound in this area, with a stop-loss set at 60,000. Both spot and futures trading are available, but be sure to strictly control your futures positions.
Intraday resistance for the rebound is at 68,600. Only if it stabilizes above this level will the rebound strength increase, officially initiating a small-scale rebound. The upper rebound target resistance is at 71,000–72,300. The market will only enter a daily-level rebound if these two critical resistance levels are broken. $BTC
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Bitcoin has now fallen below 67,500. If it further breaks below 67,000, a sharp dip to the bottom is highly likely.
The key support below is in the 64,500–63,000 range. You can consider positioning for a rebound in this area, with a stop-loss set at 60,000.
Both spot and futures trading are available, but be sure to strictly control your futures positions.
Intraday resistance for the rebound is at 68,600. Only if it stabilizes above this level will the rebound strength increase, officially initiating a small-scale rebound.
The upper rebound target resistance is at 71,000–72,300. The market will only enter a daily-level rebound if these two critical resistance levels are broken. $BTC