Meanwhile, the BTC rate has broken through the volume level of $65,892 and is trying to consolidate above $66,000. The fight is going on for the 0.618 Fibonacci level (rate $66,148).
The bulls continue to hold the initiative today; the#BTCrate is approaching the key resistance zone:
- EMA 50 day TF (now at $66,825),
- local downward trend since June 7 of this year (indicated by a solid line, currently also $66,825),
- volume level $67,088,
- global upward trend since December 5, 2023 (indicated by a dotted line, currently $67,454).
Until these resistances are broken, this is only the beginning of a rebound, which, moreover, can be “nipped in the bud.” We need confirmation from the buyer. Basic - you need at least a breakdown of the EMA of the 50 day TF.
