Hello to all traders
In the chart above, I wanted to show you the price movement in the next 2 days. As we can see, Bitcoin is defending itself against the sell-off, at this point I would expect a rebound to the 20 EMA which on the 4 hour chart starts to cross MA 50, a very tense situation, but there is support on the rolling MA100! if the bulls try to push the price above the EMA20, we can count on a bullish rise and a breakout from the triangle upwards. On the other hand, the moving MA200 encourages a healthy rebound from 17.8k to 17.9k, but in this case there is a high risk of panic, which could lead to the price below MA200, which would delay the bull race.
2 days time will show.
Best regards