Bitcoin Support Zone & Trading Strategy

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Bitcoin Support Zone & Trading StrategyBitcoin / U.S. dollarBITSTAMP:BTCUSDDaniel-FosterπŸ“Š Bitcoin Support Zone & Trading Strategy The core support level is $63,500–$63,800 (near the current price, a zone for short-term bargain hunters), with strong support below at $63,000 (a psychological level, historical low support, with a probability of less than 15% breaking below). This range shows significant short-term bargain hunter and short-covering activity, making it the only area for buying on dips today. Secondary support is at $62,200 (a key support indicated by the monthly MACD bearish signal, not a primary focus today, but only for extreme market conditions). Combined with on-chain data, the current Bitcoin network's profitable supply ratio has fallen below 66.9%, breaking below a key historical threshold, indicating easing selling pressure and providing some support for the lower levels. β€”β€”β€”β€”β€”β€”- πŸ’‘ Bitcoin Trading Strategy 🟒 BUY:63000-63800 🎯 TP: 64800-65500