BTC Quick Update 😲

Check Chart I attached 1h, 4h, 1D then read this update so you can understand easily.

In this 1h chart order for bullish momentum to prevail islt's essential to regain control of the 1-hour (EMA) 200, which was the key Low Time Frame (LTF) indicator under observation.

However, the last night market activity has severely disrupted this trend, rendering it significantly less impactful for our analysis.

This is 1D chart you can see, the range low of that consolidation range between red support and green resistance is in perfect confluence with the uptrending channel on HFT. Indicating bearish sign because Maybe market face another huge correction and tap the red zone with take uptrends line support.

Only one good scenario still BTC holding this 4H 200 EMA. means market still control by bulls.

This is a very important HTF trend to monitor. I feel some weakness here as we are threatening to lose it.

If we losing this EMA200 support trend would confirm that bears are in control... Market in if we breakdown.

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