โ๐จ Technical Analysis on Bitcoin $BTC | Has the correction ended? ๐จ
โHello, traders ๐! We're currently monitoring Bitcoin's movement on the larger timeframes (4-hour and daily), and there are critical points to pay attention to:
โ๐ Exponential Moving Averages (EMA): The price is currently struggling to stabilize above the EMA 25 line, which is a major pivot point to confirm ongoing bullish momentum. A breakout above EMA 99 and holding above it will signal the green light for the upcoming rally.
โ๐ Relative Strength Index (RSI): Itโs currently hovering around the 50 levels (neutral zone), indicating that the market is building momentum and waiting for additional liquidity to determine the direction.
โ๐ Levels to watch:
โNearby support: Any close below the current support levels could open the door for a retest of lower liquidity zones.
โKey resistance: A solid breakout above the next resistance levels will lead us directly towards the following targets.
โ๐ฌ Share your thoughts: Do you see the current dip as an opportunity to accumulate and invest, or do you prefer to stay out of the market until the picture becomes clearer? ๐$BTC
#CPIWatch
โHello, traders ๐! We're currently monitoring Bitcoin's movement on the larger timeframes (4-hour and daily), and there are critical points to pay attention to:
โ๐ Exponential Moving Averages (EMA): The price is currently struggling to stabilize above the EMA 25 line, which is a major pivot point to confirm ongoing bullish momentum. A breakout above EMA 99 and holding above it will signal the green light for the upcoming rally.
โ๐ Relative Strength Index (RSI): Itโs currently hovering around the 50 levels (neutral zone), indicating that the market is building momentum and waiting for additional liquidity to determine the direction.
โ๐ Levels to watch:
โNearby support: Any close below the current support levels could open the door for a retest of lower liquidity zones.
โKey resistance: A solid breakout above the next resistance levels will lead us directly towards the following targets.
โ๐ฌ Share your thoughts: Do you see the current dip as an opportunity to accumulate and invest, or do you prefer to stay out of the market until the picture becomes clearer? ๐$BTC
#CPIWatch