BTC Update:
BTC is at a crucial point of resistance. Although it bounced back from $56.5k, the danger is not yet over. The 35 EMA stands as resistance for now, and if it breaks out, then $70k could be possible.
On the other hand, a rejection will likely fold the price back to $58k-$60k.
In conclusion, the daily close above the 35 EMA will be a great move, and the daily close below it will continue the selling pressure.
This content is for educational purposes and not financial advice. So, do your research before making any decisions.
Trade safely.
BTC is at a crucial point of resistance. Although it bounced back from $56.5k, the danger is not yet over. The 35 EMA stands as resistance for now, and if it breaks out, then $70k could be possible.
On the other hand, a rejection will likely fold the price back to $58k-$60k.
In conclusion, the daily close above the 35 EMA will be a great move, and the daily close below it will continue the selling pressure.
This content is for educational purposes and not financial advice. So, do your research before making any decisions.
Trade safely.
