Technical Analysis (BTC/USDT - 1H Chart)

Price Action: BTC is currently trading at 65,537.26. If you pay attention, it has formed Lower Highs (the peaks are declining) in the last few hours. This is a slightly "bearish" sign in the short term.

Support and Resistance:

Support: The crucial support is at 64,000. If the price reaches there, there are chances of a bounce back.

Resistance: Strong resistance is at 68,000 and 70,000 above. Until it breaks above 68,000, a new jump seems difficult.

Performance: Today it is down -2.63% and has fallen -25.78% in the last 30 days. This means that the market is currently in a "Correction" phase.

Should You Trade or Not?

If you are thinking of buying:

Don’t Rush Now: The price is currently in the middle. It’s better to wait for it to touch the support at 64,000 and then bounce back up.

Confirmation: If it sustains above 66,000, then a small trade (scalping) can be considered.

If you are thinking of selling (shorting):

The market seems a bit "Oversold" right now (considering the drop in the last month), so shorting from here could be risky because a sudden "Short Squeeze" (a rapid increase) may occur.

My Advice (Strategy)

For now, the best strategy is to "Wait and Watch."

If it hits 64,000: Then a small buying can be done (with a Stop Loss at 62,500).

If it crosses 68,000: Then this will signal a trend change.

Important Note: Bitcoin leads the entire market. If BTC falls, other coins (Altcoins) will drop even faster. Therefore, always use a Stop Loss.

Disclaimer: Crypto trading is very risky. This is not financial advice, just a technical analysis. Always do your own research.