$BTC followed the downside scenario mapped in yesterday’s update. After failing to maintain acceptance above 65K, price rotated back toward 64K. Once that support was lost, BTC moved back inside the prior range and continued toward the midpoint around 62.5K, exactly as outlined. Bulls successfully defended the midpoint, and BTC has now rotated back toward the upper boundary around 64K. This makes 64K the immediate decision point once again. A successful reclaim and sustained acceptance above 64K would increase the probability of another challenge of 65K. Failure to reclaim 64K would keep BTC inside the range and shift attention back toward the midpoint around 62.5K.
BullsBytesShare

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.