Source: TradingView
BTC Update
Trend: Rising, but needs confirmation at the m15 resistance.
BTC is retesting the m15 resistance area; if this resistance holds, the price could continue to rise. However, a clearer confirmation is needed, especially if the price breaks above 63,300.
Main Scenario
- Holds the m15 resistance → the uptrend continues.
- Breaks above 63,300 → confirms buying pressure, the nearest target is 65,000.
- Gets rejected at the resistance → a pullback is likely before the next direction is determined.
Current Perspective
- During the US session, the market may provide clearer results: confirm break or switch to a pullback wave.
- It's better to wait for a confirmation signal rather than entering early when the price is still indecisive.
