$BTC has been trading sideways or in a rather boring range for quite some time now. Yesterday, we witnessed how it got rejected from the 200EMA on the 4-hour chart and fell back to the same range around 60,600. Currently, the range of 60,200-60,600 is acting as immediate support for BTC, and I expect another retest of our next resistance level as marked on the chart. Unless we break this region and sustain at least 2 daily candles above it, there's no need to shift our bias.
On the other hand, altcoins will only break out properly once BTC shows some strength and volume. Until then, we will continue to see small breakdowns and breakouts in short time frames.
Make sure to pin this channel at the top and unmute to stay updated on the next move.
