📉SHORT: $BTC (1D)
Analysis:
BTC has hit our upper resistance zone and is showing strong rejection. This crucial zone could lead to a full crossover on RSI and possible testing of EMAs. Sellers have secured the EMAs, indicating a potential downtrend. Keep an eye on current levels, as a bounce might occur soon.
Price Targets:
If the downtrend continues, look for a retest around the $51,000 zone. If BTC bounces back, we could see a test of the upper limits around $58,000 to $62,000. The major re-test zone stands around $48,000, which could act as strong support.
