Bearish price action continued for Bitcoin yesterday, dipping briefly below $60k. The Daily EMA200, represented by the yellow line on the chart, is critical, currently at $60k. An intra-day dip below this level isn't alarming, but a daily close under it could signal further retracement.
Ideally, I want to see $60.6k (DM VAL) hold as support, which could pave the way for a push toward $62k. So far, we’ve been capitalizing on moves in both directions, and I'm actively seeking more trading opportunities.
