If $BTC does see a deeper correction, what are the key support levels you're watching? I've got eyes on the 62k-60k region as a significant demand zone, potentially with a retest of 58k as a worst-case scenario from here. Given the current price around 64268, these levels are critical for bounce potential.
I'm actually scaling in a little here already. I think any dip to 62k will be short-lived. DCA is the way.
What makes you see 62k-60k as the 'significant demand zone'? Is it volume profile, moving averages, or something else?
My charts are showing 61.5k as the more critical point, it aligns with a few different Fib levels. Below that, 59k becomes interesting.
Worst case scenario for now? I'm not so sure. If the broader market dips, we could see 50k again before a real recovery. Always good to be prepared.
I agree, 62k-60k looks like a strong area. I'm also watching the prior high from a few months back around 58k, that's a pretty strong psychological level.
Solid analysis. I've set my alerts for 62k and 60k. Will be interesting to see how it plays out if we get there.