BTC IS AT A DECISION POINT đđ„
Guys $BTC has pulled back from the ~$65.4K area and is now sitting around $63.9K.
On the 4H chart, the price is currently below the EMA20 and EMA50 so the market hasn't given us a clean bullish confirmation yet.
But here's where it's getting interesting.
Instead of predicting the next candle, we can use the 1H chart for confirmation.
đą Bullish case:
BTC reclaims the ~$64.0Kâ$64.2K zone, closes above it, then successfully retests it as support.
đŽ Bearish case:
BTC gets rejected around that zone, forms a lower high, and loses the ~$63.1Kâ$63.3K area.
The lesson?
Don't pick a side just because the chart looks exciting. Let price prove which side has control.
BTC is currently showing us a decision point, not a guaranteed direction.
Which confirmation would you wait for ? đ
#BTC #bitcoin #cryptotrading #TechnicalAnalysis #Binance
Guys $BTC has pulled back from the ~$65.4K area and is now sitting around $63.9K.
On the 4H chart, the price is currently below the EMA20 and EMA50 so the market hasn't given us a clean bullish confirmation yet.
But here's where it's getting interesting.
Instead of predicting the next candle, we can use the 1H chart for confirmation.
đą Bullish case:
BTC reclaims the ~$64.0Kâ$64.2K zone, closes above it, then successfully retests it as support.
đŽ Bearish case:
BTC gets rejected around that zone, forms a lower high, and loses the ~$63.1Kâ$63.3K area.
The lesson?
Don't pick a side just because the chart looks exciting. Let price prove which side has control.
BTC is currently showing us a decision point, not a guaranteed direction.
Which confirmation would you wait for ? đ
#BTC #bitcoin #cryptotrading #TechnicalAnalysis #Binance
Bullish reclaim?
Bearish breakdown?
1 jour(s) restant(s)