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Bitcoin now at 69,000
Resistance at a 180-degree angle at $75,000. It is important to break this stubborn resistance to continue the corrective rise toward the $85,000 range, which is the next resistance. The price has successfully broken through and closed above $75,000 in one day.
The negative scenario...
Stop-loss and caution if $65,000 is broken, as there could be a rapid price decline to $54,000. Once broken, $65,000 could become resistance for months and may become the ceiling of the trading range. If the price closes below $65,000 for a week, it will return to test it, turning it into resistance for months, with the trading range between $65,000 and $54,000.
Similar to what happened in the trading range between $85,000 and $95,000, as seen on the chart...
And just like what happened in the current range between $65,000 and $75,000...
$BTC $ETH $SOL
#GateSquareAprilPostingChallenge #WeekendCryptoHoldingGuide #MarchNonfarmPayrollsIncoming #CryptoMarketSeesVolatility