Hi traders!
Bitcoin continues to trade confidently near the upper boundary of the 62.5K–65K trading range, gradually approaching the second target at 64,890✅
Over the past 24 hours, the 200 EMA on the 4H timeframe has done a solid job acting as support 🛡️🛡️🛡️, preventing price from closing below it despite the break of the local trendline, which can also be seen on the chart.
In other words, we're now seeing price being squeezed toward the 65K resistance by the 200 EMA (4H). 🚀
As for the lower boundary of the range, the 62,500 support level is now reinforced by the 100 EMA (4H), further strengthening the technical foundation for buyers🛡️🛡️🛡️
In other words, the technical picture continues to strengthen in favor of the bulls 🦬✊🏼 However, until we see a confirmed breakout above 65K, the key levels remain unchanged.
📈 Current resistance:
64,890 — Strong horizontal resistance formed during February–March 2026.
🪓 Current support levels:
62,500 — Key support level where price has been consolidating since early June + 100 EMA (4H).
60,800 — Local horizontal support.
60,000 — Strong horizontal support.
Peace, everyone! 🌄
⚠️ Disclaimer:
All information shared on this channel is for educational and informational purposes only and is not investment advice. The author is not responsible for your trading decisions. Always manage your risks and make decisions independently.
Bitcoin continues to trade confidently near the upper boundary of the 62.5K–65K trading range, gradually approaching the second target at 64,890✅
Over the past 24 hours, the 200 EMA on the 4H timeframe has done a solid job acting as support 🛡️🛡️🛡️, preventing price from closing below it despite the break of the local trendline, which can also be seen on the chart.
In other words, we're now seeing price being squeezed toward the 65K resistance by the 200 EMA (4H). 🚀
As for the lower boundary of the range, the 62,500 support level is now reinforced by the 100 EMA (4H), further strengthening the technical foundation for buyers🛡️🛡️🛡️
In other words, the technical picture continues to strengthen in favor of the bulls 🦬✊🏼 However, until we see a confirmed breakout above 65K, the key levels remain unchanged.
📈 Current resistance:
64,890 — Strong horizontal resistance formed during February–March 2026.
🪓 Current support levels:
62,500 — Key support level where price has been consolidating since early June + 100 EMA (4H).
60,800 — Local horizontal support.
60,000 — Strong horizontal support.
Peace, everyone! 🌄
⚠️ Disclaimer:
All information shared on this channel is for educational and informational purposes only and is not investment advice. The author is not responsible for your trading decisions. Always manage your risks and make decisions independently.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.