BTC is currently below $65,000 and is finally showing the decline that has been expected since yesterday’s analysis.
Let us recall that in our scenario, the acceptable range for correction before continuing growth is $62,987-$64,120. But the best outcome for the bulls is not to break through the EMA of the 50 day TF. This is what is being tested by the current decline. She is now at $64,731.
For an uptrend, it is important not to close the daily candle below.
The RSI and MACD of the daily TF now look like a turning point. So, today everything can be decided. And a bullish crossover on the MACD, and a retest of the breakdown of level 50 on the MACD.
