BTC DAILY CHART – DO TECHNICALS MATTER?
Technical traders may like this but I am not sure about how valid technical levels are in something that can move 5-10% in one day.
This is why I prefer to focus on psychological or what I call “magic” levels such as 60k,65k, and 70k.as well as the pattrtns formed on a chart
In this regard, 65000 is now a key level that needs to hold to put 70000 back on the radar.
If I was focusing on levels 65478 is support and 67166 is a key resistance.