Today #BTC update.
Top Down Approach.
on 4hour Time frame we have EMA200 Resistance which is huge and needs to close above it.
on 1Day time frame MA200 death cross happens and BTC failed to close above it. #
REMEMBER that EMA AND MA BOTH are important.
on EMA200 DAILY time frame BTC closes above it which is good sign.
As the CME gap from previous week is filled. BTC is trying to give a close above 62k.
