☕️Good morning team
💰BTC updated its 2024 low, falling to $38,555, but then recovered to $40,250. The situation requires attention, as current fluctuations may indicate possible future trends. It is important to monitor key support and resistance levels to understand the direction of the market.
📉📈The Fear and Greed Index fell to its lowest levels in the last 100 days, moving into the neutral zone and indicating a decrease in interest in cryptocurrencies.
🗣Bitcoin remains below the 50-day EMA but above the 200-day EMA, indicating bearish short-term but bullish long-term signals. A break above $40,250 could catalyze a move towards the 50-day EMA, while a break above this level could lead to resistance at $42,900. However, a break below the $38,950 level would give the bears an opportunity to reach the support level at $37,900
