Hi traders!🌴☀️
The 65–65.5K zone, first identified in the 20s of June, has successfully continued to cap every attempt by the bulls to establish a foothold above it throughout July and the first 11 days of August❗️
Every approach to the zone has ended with an aggressive pullback, while every breakout has been followed by an even more aggressive sell-off🪓🔪⚰️
At this point, the strength of the 65K level is no longer in question. What matters much more is the depth of the pullback from it or the structure of the breakout when it finally happens.
So far, the support provided by the moving averages and the local 64K level has prevented the correction from accelerating, which means we are likely to see another attempt at 65K.
Given the above, the bullish scenario remains unchanged:
65K is the key level🏋🏽✊🏼
🦬🚀“The bullish scenario, with upside targets at 67K and 67.6K, will only come back into play if Bitcoin manages to reclaim 65K and, more importantly, hold above it.”
The bearish scenario has been adjusted.
🐻🪓A break below the 1H/4H EMA 100 and EMA 200 cluster around 64.2–64.4K would likely accelerate the move toward the next major support level at 62.5K.
Peace!🌄
The 65–65.5K zone, first identified in the 20s of June, has successfully continued to cap every attempt by the bulls to establish a foothold above it throughout July and the first 11 days of August❗️
Every approach to the zone has ended with an aggressive pullback, while every breakout has been followed by an even more aggressive sell-off🪓🔪⚰️
At this point, the strength of the 65K level is no longer in question. What matters much more is the depth of the pullback from it or the structure of the breakout when it finally happens.
So far, the support provided by the moving averages and the local 64K level has prevented the correction from accelerating, which means we are likely to see another attempt at 65K.
Given the above, the bullish scenario remains unchanged:
65K is the key level🏋🏽✊🏼
🦬🚀“The bullish scenario, with upside targets at 67K and 67.6K, will only come back into play if Bitcoin manages to reclaim 65K and, more importantly, hold above it.”
The bearish scenario has been adjusted.
🐻🪓A break below the 1H/4H EMA 100 and EMA 200 cluster around 64.2–64.4K would likely accelerate the move toward the next major support level at 62.5K.
Peace!🌄
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。