BTC rejected from EMA 50 at 4H chart frame exactly from the point which i posted earlier today after daily closing. 99.99% accuracy.

BTC daily closing is below EMA 200

What does this mean ?

Yesterday we saw BTC gave break down of its strong support zone aaround 57,300 and 57,700 and give daily and 4H closing below 57,300.

Now BTC reached to 59,480 today just before daily closing candle and then gave daily candle closing below EMA 200 once again , which is a potential bearish indicator currently.
It looks like downward trend of BTC will again start from its retracement zone 59,500-60,300 zone.

Please do your own research before entering into any trade.🙏

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