Morning market structure for $BTC shows a strong overnight recovery with price holding above key support near $70,000 after testing lows around $68,500 during the Asia session. Volume remains robust at $48B, confirming buyer interest. Resistance at $72,000-$73,000 is critical; RSI signals moderate overbought conditions while MACD maintains a bullish crossover, indicating sustained upside https://t.co/I0OakCRYui US/EU sessions for volume spikes that confirm breakouts or signal pullbacks. If $BTC holds above $70,000, intraday longs targeting $72,000-$73,000 are favored with stops below $69,000. A drop below $69,000 risks a retest of $67,500 support. Focus on momentum shifts and volume to manage risk and identify entry points.BTC #CryptoTrading #TechnicalAnalysisThis is educational information for market analysis purposes only, not personalized financial advice. Always do your own research.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.