Bitcoin has entered a calmer phase after the heavy selloff that pushed prices below $60K. The narrowing trading range around $63K–64K suggests that the market is trying to establish a short-term balance.
Investors are now closely watching ETF inflows and expectations around Federal Reserve policy. If US bond yields continue to ease, risk assets like Bitcoin could attract fresh demand.
At the same time, the $65.5K–66K area remains an important resistance zone. A successful breakout could encourage further upside, while failure there may trigger another wave of selling.
Trade Setup:
Buy Zone: $62,500 – $63,000
Stop Loss: $61,700
Take Profit 1: $65,500
Take Profit 2: $66,000
Take Profit 3: $68,500
As long as BTC stays above $62K, the recovery structure remains intact. A break below that level would shift focus back toward $60K.
Investors are now closely watching ETF inflows and expectations around Federal Reserve policy. If US bond yields continue to ease, risk assets like Bitcoin could attract fresh demand.
At the same time, the $65.5K–66K area remains an important resistance zone. A successful breakout could encourage further upside, while failure there may trigger another wave of selling.
Trade Setup:
Buy Zone: $62,500 – $63,000
Stop Loss: $61,700
Take Profit 1: $65,500
Take Profit 2: $66,000
Take Profit 3: $68,500
As long as BTC stays above $62K, the recovery structure remains intact. A break below that level would shift focus back toward $60K.
Trade active
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.