BTC just bounced off the 69,600 level to stop the decline. Going long is relatively safe. The resistance from the recent sharp rally is around 71,500. After breaking through, the next resistance is around 72,400. Since the hourly level resistances have all been broken through, the next resistance to break is the 1-day EMA52 (72,400). The support level to defend is 69,000.
BTC just bounced off the 69,600 level to stop the decline. Going long is relatively safe. The resistance from the recent sharp rally is around 71,500. After breaking through, the next resistance is around 72,400. Since the hourly level resistances have all been broken through, the next resistance to break is the 1-day EMA52 (72,400). The support level to defend is 69,000.