#btc Where are we right now? Well, on the daily timeframe, we’re sitting right at the 200-period moving average, which acts as dynamic support in an uptrend and resistance in a downtrend. Here’s my take: price will bounce upward around the 200 EMA, possibly dropping as low as 74,500 USD to capture liquidity, and then rise without breaking through the moving average with an engulfing candle.