What is the next scenario, in your opinion?
Will the price rise and break through the resistance level of 5400, or will it fall and break through the support level at 4700?
I believe that gold will fall and break the support level, and Bitcoin will also fall to $68,000. However, the support level at $74,000 must be monitored; if it is breached, the price will likely fall to the second support level at $65,000. But there is a fear that the price will fall even lower due to the concerns that govern the actions of traders.
BTC
69,619.57
+3.99%
The market should be monitored closely, or better yet, you should enter a period of calm.