Ansem: BTC is testing a key resistance level on the weekly chart; if it holds, it may retest $72,000.
Svmuu News: Well-known trader Ansem posted on X, stating: “Bitcoin is currently at a fairly significant level, retesting key weekly resistance near 65,000–66,000.I don’t plan to go long here at the moment, as I believe there are other assets better suited for long positions, but if Bitcoin closes above this resistance level on the weekly (or daily) chart, we’ll likely retest 72,000 next—personally, I’m leaning toward this scenario.If I’m wrong and we see the market weaken and break below 63,800, I’ll switch to a bearish stance, and we may retest 60,000 next.If the market actually presents an opportunity (such as a stop-loss or invalidation level above a lower-timeframe consolidation platform before a break below), I’ll enter this short position. The Federal Reserve’s monetary policy meeting at 2:30 p.m. today (early tomorrow morning Beijing time) (Federal Reserve) may influence the direction of the market going forward.”
Source:Odaily · Source Link
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