1. General trend of $BTC :
- BTC is in a short-term uptrend, as indicated by the upward EMA line and the price trading above the EMA line.
- After a strong increase from the $80,000 range to nearly $88,000, BTC shows signs of slowing down and accumulating.
2. Important support and resistance: Support:
- 85k9 (EMA 50) → If BTC corrects, this is the area that could react and bounce back.
- 84k7 - 84k → Strong support if the price drops further.
- 81k5 - 80k → Strong support in case of a BTC breakdown.
Resistance:
- 88k - 88k5 → Strong resistance area; if broken, it could test 90k.
- 90k - 92k → Important psychological resistance area.
BTC is accumulating and may continue the uptrend if it holds above EMA 50. However, the CME Gap at 84k2 has not been filled and there is still a possibility of returning to fill the Gap.
Anything can happen, so please don't say this kind of analysis where if it doesn't go up, it must go down; it sounds ridiculous. If the market didn't fluctuate, how could you incur losses like now?
#BTC #Write2Earn
- BTC is in a short-term uptrend, as indicated by the upward EMA line and the price trading above the EMA line.
- After a strong increase from the $80,000 range to nearly $88,000, BTC shows signs of slowing down and accumulating.
2. Important support and resistance: Support:
- 85k9 (EMA 50) → If BTC corrects, this is the area that could react and bounce back.
- 84k7 - 84k → Strong support if the price drops further.
- 81k5 - 80k → Strong support in case of a BTC breakdown.
Resistance:
- 88k - 88k5 → Strong resistance area; if broken, it could test 90k.
- 90k - 92k → Important psychological resistance area.
BTC is accumulating and may continue the uptrend if it holds above EMA 50. However, the CME Gap at 84k2 has not been filled and there is still a possibility of returning to fill the Gap.
Anything can happen, so please don't say this kind of analysis where if it doesn't go up, it must go down; it sounds ridiculous. If the market didn't fluctuate, how could you incur losses like now?
#BTC #Write2Earn
