Technical analysis by b45bc5 about Symbol BTC on 7/25/2024

Yesterday I said that the uptrend could continue as long as the BTC price does not fall below 65450, but if the price drops sharply and falls below 65450, BTC may enter a volatile trend in the short term. The price fell below the 50-day moving average, the 10-day moving average, and the 20-day moving average as the uptrend did not fully reverse from the daily chart but entered a downtrend on the 120-minute chart. The moving average formed a dead cross. Large differences between the long and short sides in the market will cause these two forces to compete with each other and fluctuations may occur again and again in the short term. Currently you can pay attention to the resistance range below the 66100 level. If the price returns to this range, there is a high probability of it falling. Trading advice: If the price returns to the 65450-66100 range and encounters significant upward resistance, you can sell with a target of 64000-64500.