#marketupdate" Bitcoin bounced off the Daily EMA200 at $59 | TMC on Binance Square

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#marketupdate" 
Bitcoin bounced off the Daily EMA200 at $59.9k but couldn’t break resistance at $62.5k. A breakout from either level will clarify the next move.
#Altcoins"  are facing significant pressure due to rising BTC dominance, so manage risk carefully.
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BTC

93.992,78

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528

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Market Update Bitcoin has started the week with strength, rallying 3% off the weekly open at $90k. This level is now key, as a retest of $90k is expected, and it’s crucial for it to hold as 4-hour support for a potential continuation to new all-time highs. Over the course of yesterday, this $90k area held up as solid support. If Bitcoin fails to maintain this level and we see price acceptance below it, $87k becomes the next major support zone, with increasing liquidity there. Given the current conditions, it’s wise to avoid overexposing yourself today and instead wait for the Monday Range to solidify before making any decisive moves. Opportunities are likely to emerge soon, so patience will be key.

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Market Update: As mentioned yesterday, I was watching for Bitcoin’s reaction to a retest of the $90.2k level. It has held up as 4-hour support so far, but there hasn't been any strong upside momentum yet. The $91.2k level is now acting as resistance, keeping us in a tight 1% range over the weekend. The 4-hour EMA8 (blue line) remains a key level to track, as price is following it closely. I'll be keeping a close eye on how the market interacts with this moving average. With the weekly close approaching, expect volatility to pick up, as it often does this time of week.

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#Marketupdates Bitcoin is holding strong above the 4-hour EMA8 and Monday’s high, with the highest daily close ever recorded. A push toward 96-99k seems likely, but watch for reactions at the 90-90.2k level. Altcoins are also gaining momentum.

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Market Update: After Bitcoin broke below the 4-hour EMA8 (blue line), this level has now flipped to resistance. The key focus is on a potential reclaim of the 4-hour EMA8, but more importantly, a 4-hour close above $89.8k (the Monday high). If both of these levels are retaken, we could be looking at a potential push toward new all-time highs (ATH). On the flip side, support for now sits at $86.6k. A failure to hold above this level would suggest further downside risk, and we'd want to avoid seeing acceptance below this mark for the short-term bullish trend to remain intact. It's been an exciting week of trading, and while I’m on the lookout for more opportunities, I’m just as content to wait for the right setup to materialize.

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Market Update: Bitcoin is currently holding strong at two critical support levels on the 4-hour chart. The 4-hour EMA8 is continuing to provide solid support, as it has in recent days. Additionally, the $89.8k level (the high from Monday) is holding firm with every 4-hour close. For the bullish momentum to persist in the short term, these support levels need to stay intact. While Bitcoin is showing resilience, its dominance is pushing higher, which is leading to weakness in altcoins. Therefore, caution is key—particularly for those trading altcoins or using leverage.

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