On the daily chart, there appears to be a small resistance at the 70200-70300 levels. If BTCUSDT fails to break this resistance in the next 1-2 days, it might take another 10-15 days to return to lower support levels. However, once it bounces back, the bounce is expected to be stronger. This could facilitate breaking through the 73k-74k range easily, as more short positions will likely be created during this time. A massive short squeeze is anticipated.
On the other hand, if BTCUSDT breaks through the 70200-70300 resistance now, there is a strong chance it will take a breather in the 73k-74k range.
On the other hand, if BTCUSDT breaks through the 70200-70300 resistance now, there is a strong chance it will take a breather in the 73k-74k range.
Commento:
respecting all the levels
Trade attivo:
Next resistance at $67768 levels.