Reason: • Price currently consolidating between the key resistance at $68,000 (200-week MA) and support at $66,600 . • RSI (14) on daily is near 32–35, indicating an oversold bounce is possible but no strong reversal signal yet . • ETF outflows continue ($360M last week), but institutional accumulation persists (Strategy purchased 2,486 BTC recently) . • A break above $68,000 could trigger a short squeeze toward $69,500+ .
Note: • Market sentiment remains in "extreme fear" (Fear & Greed Index at 10), suggesting potential for a relief bounce . • If $66,600 support breaks, expect a move toward $65,000 or lower . • This is a counter-trend bounce setup within a larger bearish structure—manage risk carefully .
Reason: • Price trading at 0.07867, holding above EMA 200 (0.06337) — strong bullish structure • EMA 20 (0.07867) acting as immediate support • Recent bounce from 0.05679 low, forming clear uptrend with higher highs • Strong move from 0.05679 → 0.07867 shows momentum accumulation • Next resistance at 0.08016, followed by 0.08500+ psychological levels
Note: • Stop loss placed below EMA 200 (0.06337) for technical safety • If price breaks 0.08016, expect quick move toward 0.08500 • Volume confirmation needed above 0.08000 for continuation
Reason: • Price trading above both EMA 20 (0.02880) and EMA 50 (0.02557) — strong bullish structure • Recent breakout from consolidation around 0.02849 level • Higher lows forming since bounce from 0.02316 support • Volume increasing on upward moves, confirming accumulation • First resistance at 0.02950, next major at 0.03000+ psychological level
Note: • Stop loss placed below EMA 50 (0.02557) for technical validity • If price holds above 0.02880, momentum could accelerate toward 0.03000+
Reason :- • Price holding above EMA 20 (0.1003), EMA 50 at 0.1017 acting as first resistance • Break above 0.1009 could trigger momentum toward 0.1017–0.1049 range • Recent bounce from 0.0999 support with higher lows forming • Volume spike visible on 15m chart suggesting accumulation