Trader Ansem said Bitcoin is at a key level as it retests a weekly resistance zone around $65,000 to $66,000.
According to Odaily, Ansem wrote on X that he does not plan to go long at current levels because he sees other assets as better long opportunities.
He said that if Bitcoin’s weekly or daily close finishes above the resistance area, it could next retest $72,000, which he said is his preferred scenario.
Ansem added that if price action weakens and falls below $63,800, he would turn bearish and expects a possible retest of $60,000. He said he would consider entering a short position if market conditions provide a clear invalidation or stop-loss level.
He also noted that the Federal Reserve policy meeting at 2:30 p.m. (UTC+8) could influence the next direction.