BTC breaks through the key resistance level, is the next target 65000?

CN
1 hour ago

As we enter the weekend, market liquidity begins to decline, but disruptions from news have not stopped. Recently, Trump has been frequently releasing various statements, causing market sentiment to fluctuate repeatedly. However, unlike before, investor sensitivity to such news has noticeably decreased, and the market is beginning to gradually form a "news immunity."

What truly affects the market is still the current macro cycle structure.

As the weekly and monthly bottoms are gradually confirmed, every market pullback is receiving capital support, and the adjustment method has evolved from previous rapid declines to sideways oscillation to digest pressure. This indicates that while bears still have the advantage, the downward momentum has significantly weakened, allowing bulls to gradually exchange chips by using time to gain space.

From a cyclical perspective, the 8-hour and 12-hour structures remain bullish, and the mid-term repair logic has not changed. However, on the short-term front, the 1-hour, 2-hour, and 4-hour charts have all reached relatively high levels, indicating a certain technical pullback demand.

₿ Bitcoin (BTC)

View: Range oscillation, high sell low buy.

The current market is at a critical stage of **"oscillation consolidation - waiting for directional choice."**

Overall, the bear structure has not completely ended, and the overhead pressure remains dense; however, at the same time, there is still short-term rebound momentum, and the market has not shown any obvious signs of weakening.

It is worth noting that yesterday's daily close has effectively closed above the previous daily pressure level with a solid bullish candle, which is a positive change in recent trends and also means that previous pressure is gradually transforming into support. If this area can be maintained in the following period with increased trading volume, the market is expected to continue testing higher pressure zones.

However, considering the overall weak liquidity on the weekend, prices can be more easily affected by large orders, resulting in rapid rises or falls. Therefore, at this stage, it is not advisable to blindly chase after a rise; it is better to focus on high sell low buy around key support and resistance.

Short-term focus:

  • Support areas: 62500, 63000, 63700

  • Resistance areas: 64300, 64700, 65000

Overall, the current market resembles oscillation to accumulate positions, rather than a trend market. True directional choice still requires waiting for further capital indications.

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This article is originally published by 【Huiying Community】 and represents personal opinions. Due to certain delays in information transmission, the content is for reference only and does not constitute any investment advice. Please judge rationally and operate cautiously.
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