BTC: Market Bid Eyes $65K Balance After Impulse
BTC at $65794.8 shows tail from headline impulse as Skew flags potential long setup to $65K range resistance with $66K acceptance signaling early risk-on flows.
SourceAnalysis
BTC printed a sharp tail from the headline-driven impulse on sizeable market bids, leaving traders watching for balance near prior range resistance.
@52kskew highlighted a potential long play with backfill around $65K while acceptance above $66K would front-run early-week risk-on flows. On the 4h chart BTC trades at $65794.8 inside the Bollinger band with upper resistance at $65806.23 and lower support at $62632.43; the bullish structure holds above EMA50 support at $64091.76 while MACD golden cross at 624.69 and RSI at 67.4 keep momentum intact, pointing to a measured retracement toward the 50-EMA before any extension higher amid current BTC price prediction setups and Bitcoin technical analysis favoring continuation on crypto market momentum.
Skew Δ
@52kskewFull time trader & analyst