BTC
SHORT-TERM SCENARIOS
Bullish Scenario: It needs to break through the $66,500 USD barrier with incremental volume in order to look to liquidate short positions toward $68,000 USD.
Bearish Scenario: Losing the $64,000 USD floor would expose the liquidity located in the $62,500 USD zone.
Moving Averages (EMA): On the daily timeframe, price trades very close to the 20- and 50-period EMAs, reflecting neutrality and a lack of clear direction in the intraday.
Relative Strength Index (RSI): The RSI is near the neutral 50-point level, indicating a balance between buying and selling pressure (with no signs of extreme overbought or oversold conditions).
Market Structure: Price remains compressed within a sideways range. The candlestick patterns show indecision, which usually precedes an expansion move when either of the extremes breaks ($64,000 or $66,500 USD).
$BTC
SHORT-TERM SCENARIOS
Bullish Scenario: It needs to break through the $66,500 USD barrier with incremental volume in order to look to liquidate short positions toward $68,000 USD.
Bearish Scenario: Losing the $64,000 USD floor would expose the liquidity located in the $62,500 USD zone.
Moving Averages (EMA): On the daily timeframe, price trades very close to the 20- and 50-period EMAs, reflecting neutrality and a lack of clear direction in the intraday.
Relative Strength Index (RSI): The RSI is near the neutral 50-point level, indicating a balance between buying and selling pressure (with no signs of extreme overbought or oversold conditions).
Market Structure: Price remains compressed within a sideways range. The candlestick patterns show indecision, which usually precedes an expansion move when either of the extremes breaks ($64,000 or $66,500 USD).
$BTC
