On the daily timeframe, BTC is currently at the 100 EMA support level, which has previously been a very strong zone.

If BTC breaks this level, we'll likely see it drop to $58,000 - $60,000, which will be short-lived due to the huge orders already piling up at those levels. On the other hand, if we sustain this level, the next target will be $69,000 - $71,000

#btc