Bitcoin can rise a little and then continue fall inside channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago declined lower than the support level, which coincided with the buyer zone, after which it entered to the pennant, where at once made impulse up, breaking 61200 again. Then the price made correction to the support level and then started to grow to the resistance line of the pennant pattern, after which turned around and fell to the support line. Next, the price bounced up, exiting from this pattern, and also rose higher than the 70200 resistance level, which coincided with the seller zone, but soon turned around and started to decline inside the downward channel. In the channel, BTC broke the resistance level one more time and fell to the support line of the channel, after which rebounded up, and tried to grow, but soon price continued to decline. Now, BITCOIN continues to decline inside the downward channel, so, in my opinion, the price can grow to the resistance line of the downward channel and then it will continue to decline to the support level. For this case, I set my TP at the 61200 support level. Please share this idea with your friends and click Boost 🚀
Btc-usdt
HelenP. I Bitcoin can reach resistance zone and then bounce downHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to resistance 2, which coincided with the resistance zone, and at once rebounded and made little correction movement, after which it continued to grow. BTC quickly reached resistance 2 again, but this time it broke it and then reached the trend line, after which started to decline inside the wedge. Inside the wedge, the price broke resistance 2 one more time and fell until to resistance 1, which coincided with one more resistance zone, after which at once rebounded up to the trend line, which is the resistance line of the wedge as well. Next, BTCUSDT made an impulse down, breaking resistance 1, and fell to the support line of the wedge. Then it rebounded and entered to resistance zone, where it some time traded and later fell back to the support line of the wedge. A not long time ago price rebounded and started to grow, therefore I expect that BTC will reach the resistance zone again and then continue to decline inside the wedge to support line. That's why I set my goal at 63400 points. If you like my analytics you may support me with your like/comment ❤️
Bitcoin can bounce from buyer zone to resistance line of channelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago bounced from the support line and started to grow to the resistance level, which coincided with the seller zone and even soon exited to this zone, breaking the 70800 level. But later, BTC turned around and started to decline inside the downward channel, where at once broke the 70800 level one more time and support line soon too. Next, the price fell to the support line of the channel, after which rebounded up to the resistance line. Bitcoin at once turned around from the resistance line of the channel and in a short time declined to the support level, which coincided with the buyer zone. Then the price bounced up and tried to rise, but failed and made a correction to the 65200 level, after which made little movement up again and quickly fell back. Recently Bitcoin started to grow, so, in my opinion, it can decline to the buyer zone, after which the price will turn around and rebound up to the resistance line of the downward channel. For this case, I set my TP at 67300 points, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀
Bitcoin's Best Worst-Case ScenarioPreface: BTC's long-term trend is till bullish, so most likely scenario at this point is a continuation of the trend. Still, it's important to consider different views.
Bitcoin has been trading within the 70k-60k area for the better part of three months at this point. This came after making a (minor) new all-time high. This is the first all-time high that occured before the halving, so rather special.
Worst-case scenario for the bulls would be that we lose the long-term uptrend. Best worst-case would be a strong reversal from the bottom support. This support has been holding for >5 years, so I'd assume that a lot of buyers will be waiting around the support.
If we extrapolate history, Bitcoin should top out somewhere in Q4-2025. A move towards the support during the next few months and then a year of straight bull would fit this view.
More info on how I came to Q4-2025 here:
Do you think Bitcoin is going to make a new all-time high soon? New bear market? Share your thoughts.
BTCUSDT.1DIn this technical analysis of the Bitcoin/USDT daily chart on Binance, we observe a few key indicators and their potential implications for the cryptocurrency's price action.
Price Action and Support/Resistance Levels
The chart illustrates a period of fluctuation within a defined range, showing strong resistance around $73,777 and multiple support levels marked as S1, S2, and S3, with the current price near $65,463.97. Notably, there is a significant support level at $56,715.39, which could play a crucial role if a downward trend were to resume.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line is not visible, but the histogram below the price chart suggests a potential increase in bearish momentum as it appears to be in the negative territory. This indicates that the market might be gaining downward momentum or that a reversal from recent gains could be imminent.
RSI (Relative Strength Index): The RSI, at a value of around 53.87, is near the midpoint of 50, which typically indicates a neutral market condition. This positioning does not strongly support either a bullish or bearish trend in the immediate term, suggesting a possible continuation of the current consolidation phase.
RSI-based MA (Moving Average based on RSI): This indicator is also neutral, aligning with the RSI’s implication of ongoing market indecision.
Conclusion
Considering the current indicators and the price’s position relative to its recent range, Bitcoin seems to be in a consolidation phase with potential tests of both support and resistance levels in the near future. The negative tilt in the MACD histogram and the neutral RSI readings suggest a lack of strong bullish momentum, pointing to possible sideways movement or slight bearish pressure in the short term. Investors and traders should watch for a breakout above the current resistance or a breakdown below support levels to gauge the next significant move in the market. The key will be monitoring these levels and indicators closely for any signs of a definitive trend.
BTCUSDT.1DLooking at the daily chart for BTC/USDT, the technical indicators reveal key dynamics and potential future movements in the price of Bitcoin.
Price Action and Structure: The BTC/USDT pair is currently trading at around $69,673.83, marking a significant uptick of 5.31% for the day. This recent movement brings the price closer to the critical resistance level (R1) at $71,128.00. Over the past few months, the price has experienced fluctuations within a defined range, with resistance and support levels tested multiple times.
Resistance Levels: The immediate resistance R1 at $71,128.00 is pivotal. A decisive close above this level could signal further bullish momentum, potentially targeting the high of $73,777.00 and then the psychological barrier at $75,176.44.
Support Levels: Current support levels are observed at S1 ($65,799.19) and S2 ($56,715.39). The support at S1 has recently acted as a springboard, pushing the price upwards. A breach below this support might lead to a test of S2, significantly lower, indicating a substantial bearish shift.
Moving Average Convergence Divergence (MACD): The MACD line is below the signal line but appears to be converging towards it, suggesting a potential bullish crossover in the near term. This potential crossover, coupled with the histogram's rise towards the zero line, signals strengthening momentum.
Relative Strength Index (RSI): The RSI is at 55.95, which is moderately bullish. It indicates some buying interest but is not yet in the overbought territory (above 70), which suggests that there might be room for further upward movement before the market becomes overheated.
Conclusion:
The BTC/USDT chart exhibits a bullish sentiment in the short term, especially if it can sustain above S1 and break through R1. The approaching MACD crossover and the RSI's favorable position further bolster this outlook. However, traders should remain cautious of potential resistance at $71,128.00 and $73,777.00, where profit-taking might occur. Setting stop-loss orders slightly below S1 could provide downside protection. If the price breaks and holds above R1, targeting the next resistance levels would be a prudent strategy, keeping an eye on the RSI for signs of entering the overbought zone.
BITCOIN - Price can continue to decline inside falling channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few moments ago price entered to wedge, where it at once made upward impulse from support line to resistance area.
Then it turned around and made correction to support level, after which rose to resistance line and soon fell back.
Next, BTC made upward impulse to resistance area again, exiting from wedge, but at once started to decline in falling channel.
Price made fake breakout of $71400 and in a short time declined to support area, after which bounced up.
Now, Bitcoin tries to rise, therefore I think it can make a small movement up and then bounce down to $65200, breaking support level.
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LONG Bitcoin during RED days always!Morning lads,
Figured I'd share my view on BTC for the following weeks.
There's a chance that instead of a channel, its a descending triangle on the daily, bringing prices to 50k.
But Im gonna keep that in mind and hope we move up!
This trade would help alts tremendously as well..
Trade thirsty, my friends..
Bitcoin can start fall to support level, breaking support lineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price fell to the support line, some time traded near, and later made a strong impulse up to the 66500 level, which coincided with the support area and soon broke this level. After this, the price made little movement down, after which repeated impulse up to the resistance level coinciding with the seller zone. But at once BTC turned around and made a correction to the support area, and also the price started to trades in the range. In range, the price rebounded from the support area and tried to move up, but failed and fell back. After this movement, BTC started to grow, and in a short time rose to a 71500 resistance level, some time traded near and then bounced down. But a not long time ago it turned around and started to grow again. So, at the moment, I think that price can make little movement up to 70k points, after which turns around and starts to decline to the support level. breaking support line inside a range. For this case, I set my target at the 66500 level. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can continue move up to resistance levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price little declined and then bounced up to resistance level, which coincided with resistance area.
But then it started to decline inside pennant, where it fell to support line, breaking $67500 level.
After this BTC turned around and made strong upward impulse to $70300 points, exiting from pennant.
Then price continued to grow in wedge, where it broke $70700 level, but a not long time ago made downward impulse.
Bitcoin broke $70700 level and exited from wedge also, falling to $68300 points, after which it started to grow.
At the moment, I think BTC can little decline again and then continue to grow to $70700 resistance level.
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HelenP. I Bitcoin can bounce down to $67900, breaking trend lineHi folks today I'm prepared for you Bitcoin analytics. Some days ago, the price rebounded down to the trend line, thereby breaking the support level, which coincided with the support zone, but at once turned around and made impulse up, breaking the 60600 level one more time. After this, the price made a correction to this level and later continued to move up to the resistance level, which coincided with the resistance zone. When BTC reached the 71400 level, it even entered the resistance zone, but at once turned around and started to decline. In a short time, the price fell to the trend line, after which rebounded and rose to resistance level back. And even recently Bitcoin broke it and tried to fix in the resistance zone, but failed and fell below. So, for my mind, BTCUSDT will rise to the resistance zone and then start to decline to the trend line, after which break it and continue to fall. For this case, I set my goal at 67900 points. If you like my analytics you may support me with your like/comment ❤️
BTCUSDT.1DThe daily chart for Bitcoin (BTC) against USDT showcases key technical aspects that provide insights into potential future movements:
Resistance Levels:
R1 ($65,799.19): This level has previously acted as a strong resistance where price failed to break higher, suggesting significant selling pressure at this point.
R2 ($75,719.00) and R3 ($79,914.46): These levels represent further psychological barriers and possible profit-taking points if the price were to rally.
Support Levels:
S1 ($59,244.67): This is the nearest support level, currently underpinning the price. A breakdown below this could lead to further declines.
S2 (not explicitly marked with a price but indicated on the chart), and S3 and S4: Lower supports which, if breached, could signify a bearish market sentiment.
Current Market Position:
The price of BTC is currently at approximately $68,972.39, hovering just below R1 and above S1. This positioning indicates a consolidation phase within these boundaries.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line but close, indicating a potential for a bullish crossover which could signal upward momentum if it occurs.
RSI (Relative Strength Index): The RSI is at 56, suggesting that there is room for price growth before reaching the overbought territory (typically above 70).
Trend Analysis:
The presence of an upward trendline from previous lows provides a visual representation of the current uptrend. This trendline acts as a dynamic support that can guide the price higher.
The current price is testing this trendline, and a sustained break could determine the short to medium-term market direction.
Trading Strategy:
Bullish Scenario: If BTC breaks and holds above R1, it would indicate potential for a move towards R2 and R3. Traders might look to enter long positions on a breakout above R1 with stop-losses placed just below this level.
Bearish Scenario: A drop below S1 could trigger a move towards lower support levels. Short positions could be considered if there is significant volume supporting the downward move, with stop losses just above S1.
Conclusion: Monitoring the reaction of BTC at these critical levels (R1 and S1) and the behavior around the trendline will be key. A decisive move either above R1 or below S1, supported by strong trading volume, would help confirm the market's direction. As always, it is crucial for traders to consider external factors such as market news and global economic conditions that could impact cryptocurrency markets.
HelenP. I Bitcoin can make retest of trend line and rebound upHi folks today I'm prepared for you Bitcoin analytics. A not long time ago, the price reached the resistance zone, breaking the resistance level and some time traded in this area. But later, the price turned around and made a strong impulse down to the support level, which coincided with the support zone, thereby breaking the 69800 level again. After this movement, BTC soon turned around and in a short time rose to the 69800 resistance level from the 67200 support level one more time. Also then, the price broke the 69800 level and rose to the trend line, after which at once turned around and quickly declined back to the support level, breaking the resistance level again. Price tried to rise two times, and finally at the second try rebounded from the support level and made a strong impulse up, breaking recently trend line. Just now, BTC trades near this line, and I expect that the price will make a retest of the trend line, after the breakout and then continue to grow to the 69800 resistance level. That's why I set my goal at this level. If you like my analytics you may support me with your like/comment ❤️
BTCUSDT.1DHere’s a detailed technical analysis of the BTC/USDT daily chart:
Price Action and Structure:
BTC/USDT has been exhibiting a sideways trading pattern, bounded by well-defined support and resistance levels. This horizontal channel highlights the consolidation phase that Bitcoin is currently experiencing. The chart shows repeated tests of these boundaries, indicating a struggle between buyers and sellers to gain control.
Technical Indicators:
1. RSI (Relative Strength Index): The RSI is at 57.34, which is in the upper half of the neutral zone. This indicates a slight bullish momentum but is still far from the overbought territory (70 level), suggesting there might be room for upward movement without immediate pressure of being overextended.
2. MACD (Moving Average Convergence Divergence): The MACD histogram shows a positive value, and the MACD line is above the signal line. This setup typically signals bullish momentum. However, the proximity of the lines suggests that the bullish strength is not very strong, and caution is warranted.
Support and Resistance:
• Support (S1 and S2): The key support levels are identified at $65,799.19 (S1) and $59,244.67 (S3). Maintaining above S1 is crucial for the bulls to prevent a drop towards S3, which would likely indicate a more significant bearish sentiment.
• Resistance (R1 and R2): Resistance levels are set at $71,501.85 (R1) and $74,132.21 (R2). A break above R1 could pave the way for testing R2, indicating a strong bullish trend.
Projection and Strategy:
Given the current consolidation, a breakout above R1 could signal the start of a bullish phase, potentially targeting R2 as the next significant resistance level. Conversely, a breakdown below S1 could shift the market sentiment to bearish, aiming for S3. Traders should look for volume-supported breakouts or breakdowns from these levels to confirm a stronger trend direction.
Conclusion:
BTC/USDT is at a critical juncture within its trading range. A breakout or breakdown from this range could dictate the trend for the upcoming weeks. Traders should closely monitor key levels and accompanying trade volumes for signs of direction. As always, external factors such as regulatory news or macroeconomic changes should also be considered, as they can have substantial impacts on Bitcoin’s price action.
BITCOIN - Price can continue to grow inside rising channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few moments ago price entered to rising channel, where it at once bounced down from resistance to support line.
But soon, BTC backed up to resistance line of channel, breaking $61100 level, which coincided with support area.
Next, price made correction, after which bounced up from support level and continued to move up.
In a short time price reached $70000 resistance level, which coincided with resistance area and even broke this level.
But a not long time ago Bitcoin turned around and fell lower than $70000 level, making fake breakout.
Now, I think price can decline a little more and then bounce up to $72500, breaking resistance level again.
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Bitcoin can correct to support area and then rebound upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price declined inside the downward channel, where it bounced from the resistance line and fell to the 61000 support level, which coincided with the support line of this channel. Then BTC broke this level, exiting from the downward channel also and declining a little lower, but soon turned around and started to grow inside the upward channel. In this channel, Bitcoin quickly rose to the resistance line, breaking the 61000 level again, and then corrected the 61000 support level, which coincided with the buyer zone. After this, the price continued to grow and later reached the current support level, which coincided with the support area. Soon, BTC broke it and even exited from the upward channel, but a not long time ago Bitcoin turned around and declined to support area. As well recently prices rebounded from this area and started to grow. So, in my opinion, Bitcoin can correct to support area and then rebound up, therefore I set my target at the 72500 level. Please share this idea with your friends and click Boost 🚀
BTCUSDT.1DBTC/USDT daily chart, several key technical indicators and levels stand out, providing insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Bitcoin (BTC) has experienced significant volatility, with the current price hovering around 66,707.40 USD. The price is currently testing the resistance level marked as R1, around 67,373.58 USD. A successful break above this level could see the price testing the next resistance at R2, which is around 71,320.28 USD. The overall trend appears to have a slight upward trajectory as the price has managed to break above a significant downward trend line.
Support Levels:
There are several key support levels identified. The immediate support level is labeled as S1 at approximately 66,000 USD. Below this, the next significant support levels are S2 at around 59,357.32 USD and S3 at approximately 56,447.95 USD. These levels have historically provided strong buying interest, which could prevent further declines if the price retraces.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 58.91, indicating that the asset is in a neutral to slightly bullish zone. The RSI has been trending upwards, which suggests increasing buying momentum. The Moving Average Convergence Divergence (MACD) indicator shows a bullish trend with the MACD line (blue) above the signal line (orange)
, supported by a positive histogram. This suggests that bullish momentum is currently stronger.
Volume Analysis:
The volume pattern indicates that the price increases are accompanied by substantial trading volume, reinforcing the bullish sentiment. The volume spikes at key price levels suggest strong market participation during upward movements.
Conclusion:
In conclusion, the BTC/USDT pair is showing signs of a potential bullish breakout if it manages to stay above the R1 resistance level. The indicators, including a rising RSI and a bullish MACD, support the likelihood of continued upward movement. However, traders should remain cautious of potential retracements to the support levels at S1, S2, and S3, which could offer buying opportunities. Monitoring the price action around these critical support and resistance levels will be crucial for making informed trading decisions.
Overall, the market sentiment appears cautiously optimistic, with key levels and indicators suggesting a potential continuation of the upward trend, provided the resistance levels are successfully breached and maintained.
HelenP. I Bitcoin will correct to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price entered to consolidation, where it at once rebounded from support 2, which coincided with the support zone and rose to the top part of the range, but then BTC made a correction movement. After this, the price fell to the support zone, where it reached the trend line and started to move up between this line and soon broke support 2 again. In a short time later BTC exited from consolidation and continued to grow a higher trend line to the next support level, coinciding with one more support zone. When the price reached this level, for some time traded near, and later made a little correction movement, thereby breaking the trend line, but soon BTC turned around and made a strong impulse up. Price broke the trend line with support 1 too and then rose to 72000 points, but a not long time ago BTC turned around and started to fall. For this case, I expect that BTC will decline to the trend line and then turn around and start to grow again. That's why I set my goal at 72500 points. If you like my analytics you may support me with your like/comment ❤️
BTCUSDT.4HUpon analyzing the BTC/USDT 4-hour chart, several critical technical indicators and levels stand out, providing insight into potential price movements.
Trend and Resistance Analysis:
The chart shows that Bitcoin has faced several periods of volatility, with the current price hovering around 66,707.40 USD. The price is currently testing the resistance level marked as R1, around 67,373.58 USD. A successful break above this level could see the price testing the next resistance at R2, which is around 71,320.28 USD. The overall trend appears to have a slight upward trajectory as the price has managed to break above a significant downward trend line.
Support Levels:
There are several key support levels identified. The immediate support level is labeled as S1 at approximately 66,000 USD. Below this, the next significant support levels are S2 at around 59,357.32 USD and S3 at approximately 56,447.95 USD. These levels have historically provided strong buying interest, which could prevent further declines if the price retraces.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 58.91, indicating that the asset is in a neutral to slightly bullish zone. The RSI has been trending upwards, which suggests increasing buying momentum. The Moving Average Convergence Divergence (MACD) indicator shows a bullish trend with the MACD line (blue) above the signal line (orange)
, supported by a positive histogram. This suggests that bullish momentum is currently stronger.
Volume Analysis:
The volume pattern indicates that the price increases are accompanied by substantial trading volume, reinforcing the bullish sentiment. The volume spikes at key price levels suggest strong market participation during upward movements.
Conclusion:
In conclusion, the BTC/USDT pair is showing signs of a potential bullish breakout if it manages to stay above the R1 resistance level. The indicators, including a rising RSI and a bullish MACD, support the likelihood of continued upward movement. However, traders should remain cautious of potential retracements to the support levels at S1, S2, and S3, which could offer buying opportunities. Monitoring the price action around these critical support and resistance levels will be crucial for making informed trading decisions.
Overall, the market sentiment appears cautiously optimistic, with key levels and indicators suggesting a potential continuation of the upward trend, provided the resistance levels are successfully breached and maintained.
BITCOIN - Price can break support level and decline to $64000Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it broke $66500 level and fell to support line of channel.
BTC rose to resistance line, but at once made downward impulse, thereby exiting from channel and breaking $60200 level.
After this, price started to grow inside wedge, where it soon broke $60200 level again and rose to resistance line.
Then BTC made correction to support level, after which bounced and in a short time rose to $66500 level.
A not long time ago price broke this level and now it continues to trades near inside resistance area.
In my mind, Bitcoin can bounce down from resistance line to $64000, breaking support level.
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BITCOIN - Price can bounce up from support line of wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to falling channel, where it soon broke $68900 resistance level and fell to support line.
Next, price tried to grow, but failed and declined to $60100 support level, after which bounced up.
BTC rose to resistance line of channel and then continued to decline near this line, after which made downward impulse.
Price exited from falling channel, and entered to wedge, where it broke $60100 level, which coincided with support area.
Soon, price bounced from support line of wedge and rose to resistance line, breaking support level again.
Recently BTC fell to this level and now I think price can bounce up from support line to $66500 resistance line of wedge.
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HelenP. I Bitcoin can fall a little and then bounce up to $64000Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price rebounded from the trend line and made impulse up to the support level, which coincided with the support zone and soon broke this level. After this, BTC continued to move up to the resistance level and even entered to resistance zone, but soon turned around and fell below the 64000 level. Some time later Bitcoin broke this level again and rose even higher resistance zone, but then it started to decline and fell almost to the support level, breaking the resistance level one more time. Next, BTC rebounded and tried to rise to the resistance level, but failed and declined to the 60100 support level again. After this movement, price started to rise near the trend line and even later BTC rebounded up, but recently declined back to this line. So, just now, the price continues to trades near the trend line and I expect that Bitcoin will decline a little lower than the trend line and then rebound up to the resistance level. For this case, I set my target at the 64000 level. If you like my analytics you may support me with your like/comment ❤️
After exiting from pennant, BTC can make retest and bounce upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a long time ago reached a resistance level, which coincided with the seller zone, and then made a downward impulse to 56500 points, thereby breaking the 60200 level. But later BTC turned around and made a strong impulse up to the resistance level, breaking the 60200 level, which coincided with the buyer zone one more time. Also, the price entered the seller zone, where it rose to 65300 points and then at once turned around and started to decline, breaking soon the 64600 level again. As well price continued to decline inside the pennant, pattern, where it corrected almost to the support level. After this, BTC rose to the resistance line, but at once rebounded then and fell to the 60200 level and then started to grow to the resistance line of pennant again. When BTC reached this line, the price broke it, thereby exiting from the pennant pattern and now it trades near. In my opinion, Bitcoin can decline to this line, making retest and then rebound up. For this reason, I set my target at the 64600 resistance level. Please share this idea with your friends and click Boost 🚀