BTC/USDT Technical Analysis $BTC /USDT is showing a notable

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BTC/USDT Technical Analysis $BTC /USDT is showing a notable resistance at $71,997, having retraced from this high to a support level around $68,420. The 4-hour chart highlights EMA(7) at $69,544.64 and EMA(25) at $69,793.78, with current price stabilizing at $69,641.10. The significant volume spike on June 6 indicates strong selling pressure, but the subsequent price consolidation suggests a potential accumulation phase. A breakout above $71,997 could signal a bullish continuation, while a drop below $68,420 may indicate further downside. Traders should watch these key levels for future price action cues.#Binance200M #BnbAth #TopCoinsJune2024

BTC/USDT Technical Analysis
$BTC /USDT is showing a notable resistance at $71,997, having retraced from this high to a support level around $68,420. The 4-hour chart highlights EMA(7) at $69,544.64 and EMA(25) at $69,793.78, with current price stabilizing at $69,641.10. The significant volume spike on June 6 indicates strong selling pressure, but the subsequent price consolidation suggests a potential accumulation phase. A breakout above $71,997 could signal a bullish continuation, while a drop below $68,420 may indicate further downside. Traders should watch these key levels for future price action cues.#Binance200M #BnbAth #TopCoinsJune2024 