#bulllish Or #Bearish_momentum

Hello Everyone.

The $BTC update notes that #BTC has reached the expected support at $38k, coinciding with the Daily EMA100. Historically, touching the EMA100 has triggered a bounce, signaling a potential upcoming uptrend.

The anticipation is for a confirmed bounce, which could lead $BTC to test the $46k area. This analysis suggests a positive outlook based on historical patterns associated with the EMA100 support level. Traders may be monitoring for signs of this expected bounce as an indicator for potential upward movement in the Bitcoin price.

In the short timeframe, a candle close with volume above $40,800 is seen as confirmation for Bitcoin's upward movement. However, a failure to achieve this may signal potential downward pressure. Currently, Bitcoin is making attempts to move higher. On the downside, breaking the $38,000 support level is suggested as a critical point, with a potential target of $35,800 if this support is breached. Traders may closely watch these levels for signals on Bitcoin's direction.

A very short time frame gave BTC bearish momentum, so $BTC is likely to fall below 38920.

You can only use this analyse for your trade.

Thankyou for your ongoing support.