BTC price analysis after the first trading day of ETH ETF
BTC price: Reduced from 67.2k to 65.5k, currently trading in the range of 65.5k - 66.2k.
Support:
63.7k – 64.2k62.3k – 63.2k60.7k – 61.2k
Resist:
66.8k – 67.3k67.8k – 68.5k
Two scenarios can happen:
Maintaining the uptrend: BTC accumulates before rising to the resistance zone. Loss of uptrend support: BTC breaks down to the support zone below, pay attention to the 62.3k - 63.2k and 60.7k - 61.2k milestones .
Personal opinion:
BTC is likely to follow scenario 2. EMA 34 and 89 intersect at 63.9k, which will be support for BTC to increase in price or at least accumulate sideways. This decrease is expected to last 4-5 days before there is a new signal.
