🔥 MIDWEEK UPDATE: What is the macro structure of $BTC revealing to us?
We’ve reached Wednesday, the exact point when the weekly candle begins to define its true body and institutional intentions are laid bare. Midweek, the best thing a trader can do is zoom out from the shorter timeframes to avoid getting lost in the market “noise.”
Looking at Bitcoin’s daily chart (1D) ($BTC ), we see a sharp correction: the price is trading at $83,040.83 (-3.77%), driven down by a strong red candle that has lost support at the EMA 7 ($84,660.24).
The key thing to watch over the next three days is the reaction right where the price is now: the EMA 25 zone ($82,834.43). This is vital dynamic support. With the RSI dropping to 35.93, if buyers manage to defend this level today, the long-term structure still holds out hope for a rebound. But a daily close below the EMA 25 would open the door to seeking liquidity much lower.
⚡ Analyze the full picture and don’t trade blindly!
👇 Tap the interactive card for $BTC below. Open the 1D (Daily) chart, mark your key levels, and adjust your portfolio in one click.
👉 Save this post for your trading journal and follow me.
💬 Tell me below: Seeing this correction to the EMA 25, do you think $BTC can hold support, or do you think a bigger drop is coming?
#BinanceSquare #BTC
We’ve reached Wednesday, the exact point when the weekly candle begins to define its true body and institutional intentions are laid bare. Midweek, the best thing a trader can do is zoom out from the shorter timeframes to avoid getting lost in the market “noise.”
Looking at Bitcoin’s daily chart (1D) ($BTC ), we see a sharp correction: the price is trading at $83,040.83 (-3.77%), driven down by a strong red candle that has lost support at the EMA 7 ($84,660.24).
The key thing to watch over the next three days is the reaction right where the price is now: the EMA 25 zone ($82,834.43). This is vital dynamic support. With the RSI dropping to 35.93, if buyers manage to defend this level today, the long-term structure still holds out hope for a rebound. But a daily close below the EMA 25 would open the door to seeking liquidity much lower.
⚡ Analyze the full picture and don’t trade blindly!
👇 Tap the interactive card for $BTC below. Open the 1D (Daily) chart, mark your key levels, and adjust your portfolio in one click.
👉 Save this post for your trading journal and follow me.
💬 Tell me below: Seeing this correction to the EMA 25, do you think $BTC can hold support, or do you think a bigger drop is coming?
#BinanceSquare #BTC