Analysis $BTC 03/07/2025
#BTC, it even looks like the same image, but it's not lol... no changes up to this point, except for the change in market sentiment overall, since today was a day we expected good news about the reserve of #BTC and #altcoin and yesterday that idea was blown up.
Within what I posted yesterday and we were expecting, we had a new retest in the green region of the chart, at $93K and again we were rejected by the EMA 200 (4H).
Despite this rejection, we are still seeing the price forming a higher low here, and as long as we can close above $87,500 we should be fine.
Unfortunately, we will enter the weekend precisely in this complicated situation here, but it is very likely that tomorrow we will have several comments about today's meeting at the White House and between truths and lies, some middle narrative will have to be created that pleases both sides.
It is extremely important that the price stays above $85K during the weekend, or we will start the week heading towards the orange range below (on the chart).
We are still above the EMA 200 (1D), so it should support us for a while longer, but we are running out of time here.
There is an interesting movement behind the scenes that could result in good buying opportunities, let's see what happens. I still remain quite optimistic about #altcoin , I think that regardless of the weekend's outcome here, things should improve.
Something to note is that the large SELL orders were not fully replenished at $93K, the BEARS are no longer so sure about staying there after some tests close to them, it looks good.
Things are very similar to yesterday, so there's no reason to talk more than necessary.
$95K again, soon!
#BTC, it even looks like the same image, but it's not lol... no changes up to this point, except for the change in market sentiment overall, since today was a day we expected good news about the reserve of #BTC and #altcoin and yesterday that idea was blown up.
Within what I posted yesterday and we were expecting, we had a new retest in the green region of the chart, at $93K and again we were rejected by the EMA 200 (4H).
Despite this rejection, we are still seeing the price forming a higher low here, and as long as we can close above $87,500 we should be fine.
Unfortunately, we will enter the weekend precisely in this complicated situation here, but it is very likely that tomorrow we will have several comments about today's meeting at the White House and between truths and lies, some middle narrative will have to be created that pleases both sides.
It is extremely important that the price stays above $85K during the weekend, or we will start the week heading towards the orange range below (on the chart).
We are still above the EMA 200 (1D), so it should support us for a while longer, but we are running out of time here.
There is an interesting movement behind the scenes that could result in good buying opportunities, let's see what happens. I still remain quite optimistic about #altcoin , I think that regardless of the weekend's outcome here, things should improve.
Something to note is that the large SELL orders were not fully replenished at $93K, the BEARS are no longer so sure about staying there after some tests close to them, it looks good.
Things are very similar to yesterday, so there's no reason to talk more than necessary.
$95K again, soon!
