Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC
🦅 Feiyu Late Night Emergency Report (Weekend Unilateral Warning): $68,000 is a solid floor! BTC steadily climbs to 68.4k, bears are retreating step by step, aiming for the core position at 69,500! Deep review of the latest situation (Warm water boiling the bears): Steady Progress: Brothers, the weekend market is tougher than expected! After the violent recovery past 68k during yesterday’s US session, today’s market did not see significant profit-taking. After confirming support near 68,000 on a pullback, the price gradually climbed with decreasing volume to the current 68,420. This “bulldozer” type movement without major retracements greatly torments the bears’ psychology. Resistance Vacuum Zone: After stabilizing above 68,000, the area up to 68,800 is almost a small resistance vacuum zone. The current rally is mainly driven by bullish sentiment inertia and some short covering stops. Weekend liquidity is low, and the main players can push the price higher with very little capital. Next Scenario: Tonight to early tomorrow, the main players’ clear goal is to test last weekend’s “false breakout” trapped zone at 69,500. If they can hold steady there, CME futures are likely to gap open higher and push through 70k on Monday. 1. Support and Resistance Levels (Feiyu Late Night Precise Version) 🟢 Short-term support (1-3 days, intraday defense line) 68,000: Immediate support (top-bottom conversion). The absolute focus of the market! The strategic high ground recovered yesterday, and today’s testing has not broken it. This is the first moat for the bulls. 67,500: Strong support. The starting point of the large bullish candle on Friday. 66,500: Core support. The dividing line for the second bottom of this wave of dip. 🔵 Mid-term support (1-2 weeks, swing) 66,000: Golden pit (double bottom confirmed). The iron bottom that held twice this week. 63,600: Stage bottom. 60,000: Century bottom. 🔴 Short-term resistance (1-3 days) 68,800: Immediate resistance. The middle axis of the previous oscillation range, psychological barrier at an integer level. The first hurdle tonight. 69,500: Core resistance (bear camp). The historic trapped zone from last weekend; breaking through here would mark the end of the correction phase from 70k. 70,000: Strong resistance. Psychological integer level. 🟠 Mid-term resistance (1-2 weeks) 70,500: Top of the range. 72,000: Wave C peak and trough point. 74,300: Major previous high.
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Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC
🦅 Feiyu Late Night Emergency Report (Weekend Unilateral Warning): $68,000 is a solid floor! BTC steadily climbs to 68.4k, bears are retreating step by step, aiming for the core position at 69,500!
Deep review of the latest situation (Warm water boiling the bears):
Steady Progress: Brothers, the weekend market is tougher than expected! After the violent recovery past 68k during yesterday’s US session, today’s market did not see significant profit-taking. After confirming support near 68,000 on a pullback, the price gradually climbed with decreasing volume to the current 68,420. This “bulldozer” type movement without major retracements greatly torments the bears’ psychology.
Resistance Vacuum Zone: After stabilizing above 68,000, the area up to 68,800 is almost a small resistance vacuum zone. The current rally is mainly driven by bullish sentiment inertia and some short covering stops. Weekend liquidity is low, and the main players can push the price higher with very little capital.
Next Scenario: Tonight to early tomorrow, the main players’ clear goal is to test last weekend’s “false breakout” trapped zone at 69,500. If they can hold steady there, CME futures are likely to gap open higher and push through 70k on Monday.
1. Support and Resistance Levels (Feiyu Late Night Precise Version)
🟢 Short-term support (1-3 days, intraday defense line)
68,000: Immediate support (top-bottom conversion). The absolute focus of the market! The strategic high ground recovered yesterday, and today’s testing has not broken it. This is the first moat for the bulls.
67,500: Strong support. The starting point of the large bullish candle on Friday.
66,500: Core support. The dividing line for the second bottom of this wave of dip.
🔵 Mid-term support (1-2 weeks, swing)
66,000: Golden pit (double bottom confirmed). The iron bottom that held twice this week.
63,600: Stage bottom.
60,000: Century bottom.
🔴 Short-term resistance (1-3 days)
68,800: Immediate resistance. The middle axis of the previous oscillation range, psychological barrier at an integer level. The first hurdle tonight.
69,500: Core resistance (bear camp). The historic trapped zone from last weekend; breaking through here would mark the end of the correction phase from 70k.
70,000: Strong resistance. Psychological integer level.
🟠 Mid-term resistance (1-2 weeks)
70,500: Top of the range.
72,000: Wave C peak and trough point.
74,300: Major previous high.