The price again approached $60,000 but faced resistance just below this level.
For now, the bears still seem to be in control.
As the battle for control of $60,000 intensifies, you must be prepared for a variety of possible scenarios.
If we look at how BTC has been trading over the past few months, it seems that we have encountered an initial rejection at the middle line of the channel, which is the red line.
As you can see, this level has also created some resistance in the past, so this is to be expected.
As you know, on the lower timeframes, we are monitoring the 1-hour EMA200.
As you can see, it fell yesterday and made a bearish retest before dropping to $56,000.
If we zoom out further, we can see that as long as we stay below $60,000, coupled with the daily EMA200 and previous support, we are in danger of falling to lower prices.
My grey box is the last line of defense before further descent.
On the contrary, if the price re-crosses the $60,000 mark, it will start a new chapter for the bulls.
On the liquidation heat map, we have two levels to watch: $536K below current prices and $62K above current prices.
If BTC reaches these levels, watch how it reacts.
Nothing to announce on the ETF side. As you can see, we have had good flows over the last few days.
The violent bull market is coming, quickly throw away the junk coins in your hands and hold on to the strong coins. If you don’t know which are the junk coins, please leave a comment and I will give you a reference. If you see this, you may as well give a follow + double-click like
$BOME $RARE $G
#WBTC #美国CPI数据连续第4个月回落 #美联储何时降息？
