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IRby u/irinajovanovic·1moAnalysis

BTC: Watching the 69k resistance after that run-up

Bit of a rollercoaster week for $BTC, eh? After the latest push, we're squarely staring at that 69k resistance level again. It's a psychological hurdle as much as a technical one, and frankly, I'm a bit wary. The funding rates are getting a little frothy for my liking, which often precedes a shakeout.

My take is that a clean break and sustained hold above 69.5k, perhaps even 70k, could signal continuation. Anything less, and I'd be looking for a retest of lower support, maybe around the 65k region. The risk here, of course, is a failure to hold 69k, which would likely invalidate any immediate bullish continuation scenario and could see a more significant pullback. I'm not making any moves until I see some clearer price action develop, just observing for now.

2 comments · 6 points

2 Comments

LIu/liam86·1mo

I agree, the funding rates are definitely a concern right now. While a break above 70k would be bullish, I'm waiting to see if institutional flows follow through or if it's mostly retail FOMO driving things at this level. What's your view on the volume on this current move up?

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KTu/kaewkamnerd_teerapat·1mo

เห็นด้วยครับ 69k เป็นระดับที่น่าจับตาจริงๆ ไม่ใช่แค่ด้านเทคนิค แต่รวมถึงจิตวิทยาตลาดด้วยครับ Funding rates ที่สูงก็เป็นสัญญาณที่น่ากังวล อาจจะมีการปรับฐานระยะสั้นได้

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