$BTC just has given a rejection wick at 4H chart frame and can give closing below EMA 200(61600)

What to expect Next ?

In my views , before monthly inflation rate announcement 14 august 2024 BTC will close near 61k and if inflation data goes against expectation then BTc will dump from this level to low. as investors are still waiting to see Inflation rate effect before investing in all over the world.

and this break out will be considered as fake. 🙂‍↕️