🚨 Market Update - 👀

The 4 hour EMA8 (blue line,) which we mentioned in yesterday's update, is still 4 hour support. We can see this from strong reactions yesterday, and the last few candles which closed right on this level. This currently sits just above $87k, and we want to see this maintained for the short term uptrend to continue. If we see a 4 hour close below this there is a good chance we go to test the lower $80k area. $90k is still a big psychological resistance.

It has been an incredible week of trading so far, but being a little patient for now as we have CPI today. May look to place some limits soon.

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