š $BTC hit $73,333 (20-day low) and rebounded to $75,102 (ā0.03% in 24h). Most importantly: it is trading above its daily 200 EMA ($74,670) again, the line that separates the broader trend.
š 4h context:
ā¢ Trend still bearish: below the 20 EMA ($75,568), the 50 EMA ($76,638), and the 200 EMA ($79,581)
ā¢ RSI 45.4: out of oversold territory, in the neutral zone
ā¢ +0.7% over the last 6 candles, with volume at 0.7 times normal (a rebound without much strength)
ā¢ ATR $892 (1.2%) per candle
š Levels:
ā¢ Support: $74,670 (daily 200 EMA) and $73,333 (20-day low)
ā¢ Resistance: $75,568 (4h 20 EMA), $76,210 (20-candle high), and $76,638 (4h 50 EMA)
š¢ Bullish scenario: closing candles above the 4h 20 EMA ($75,568) and breaking above $76,210 would confirm the rebound.
š“ Bearish scenario: falling back below the daily 200 EMA ($74,670) would reopen the path to $73,333.
š What to watch: open interest is up +3.1% and funding remains positive (+0.01%): new positions are entering, many of them long. If the rebound fails, forced closures could accelerate the decline. The daily close above the 200 EMA is key.
Will it hold above the 200 EMA, or was this just a rebound? š
#BTC #Bitcoin #AnalisisTecnico #Cripto #Tra100d
ā ļø For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.
š 4h context:
ā¢ Trend still bearish: below the 20 EMA ($75,568), the 50 EMA ($76,638), and the 200 EMA ($79,581)
ā¢ RSI 45.4: out of oversold territory, in the neutral zone
ā¢ +0.7% over the last 6 candles, with volume at 0.7 times normal (a rebound without much strength)
ā¢ ATR $892 (1.2%) per candle
š Levels:
ā¢ Support: $74,670 (daily 200 EMA) and $73,333 (20-day low)
ā¢ Resistance: $75,568 (4h 20 EMA), $76,210 (20-candle high), and $76,638 (4h 50 EMA)
š¢ Bullish scenario: closing candles above the 4h 20 EMA ($75,568) and breaking above $76,210 would confirm the rebound.
š“ Bearish scenario: falling back below the daily 200 EMA ($74,670) would reopen the path to $73,333.
š What to watch: open interest is up +3.1% and funding remains positive (+0.01%): new positions are entering, many of them long. If the rebound fails, forced closures could accelerate the decline. The daily close above the 200 EMA is key.
Will it hold above the 200 EMA, or was this just a rebound? š
#BTC #Bitcoin #AnalisisTecnico #Cripto #Tra100d
ā ļø For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.
