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.
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.
My charts are showing 61.5k as the more critical point, it aligns with a few different Fib levels. Below that, 59k becomes interesting.
What makes you see 62k-60k as the 'significant demand zone'? Is it volume profile, moving averages, or something else?
I'm with you on the 62k-60k, that seems like a strong area to watch. I'm also curious if anyone is factoring in the 200-day moving average into their support level analysis, as that could add another layer of confluence.
I'm actually scaling in a little here already. I think any dip to 62k will be short-lived. DCA is the way.