Hello Traders,

I hope you are all doing well.

If you have followed my previous BTC update, you'll know how strongly the 100 EMA is holding the price. This is the second attempt where BTC has tried to break above the 100 EMA ($60.7k), but it is still unable to do so.

According to our analysis, BTC must break above this resistance on the daily chart to reach the $68k-$69k target. If not, a rejection is likely.

Note: Expect volatility in the market over the next few hours. Be cautious and do your own research before investing.

- Current Resistance: 100 EMA at $60.7k.

- Bullish Scenario: A daily close above the 100 EMA.

- Bearish Scenario: A rejection below the 100 EMA.

Trade Safely.

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