$BTC testing 83,562: breakout or pullback?
CriptoNoticias reported that MSCI is changing its rules and preparing to remove Strategy because it is not an “operating company.”
The $BTC pair is trading at US$82,414, with a 24-hour range of 79,800–82,634 and a volume of US$1,840M. EMA20 is at 82,423 and EMA50 at 82,929; the 4-hour trend is bearish and RSI14 reads 48.7. $STRK (+13.3%) and $NEAR (+9.9%) are also moving.
My take: if institutional funds start withdrawing from MSCI, it could reduce large investors’ exposure to BTC, which smells like short-term bearish pressure to me. The news has not yet been confirmed.
In the bullish scenario, a close above 83,562 would invalidate resistance and open the way to 84,972. In the bearish scenario, a break below 81,034 would trigger the next support at 79,998.
Will it break 83,562 or return to 81,034? 🟢/🔴
#BTC #Binance #RSI
This is not financial advice. Do your own research before investing.
CriptoNoticias reported that MSCI is changing its rules and preparing to remove Strategy because it is not an “operating company.”
The $BTC pair is trading at US$82,414, with a 24-hour range of 79,800–82,634 and a volume of US$1,840M. EMA20 is at 82,423 and EMA50 at 82,929; the 4-hour trend is bearish and RSI14 reads 48.7. $STRK (+13.3%) and $NEAR (+9.9%) are also moving.
My take: if institutional funds start withdrawing from MSCI, it could reduce large investors’ exposure to BTC, which smells like short-term bearish pressure to me. The news has not yet been confirmed.
In the bullish scenario, a close above 83,562 would invalidate resistance and open the way to 84,972. In the bearish scenario, a break below 81,034 would trigger the next support at 79,998.
Will it break 83,562 or return to 81,034? 🟢/🔴
#BTC #Binance #RSI
This is not financial advice. Do your own research before investing.