Key support levels for BTC: EMA55 and 90500
EMA55 is the defensive line for bulls, while 90500 is an important support area for the market.
If these two levels can hold, the bullish structure on the daily chart will be maintained, and the market is likely to continue rising;
If these two support levels are broken, the difficulty of trading will increase, selling pressure may intensify, market sentiment will weaken, and opportunities to make a profit will correspondingly decrease.
In short, there is no need to over-predict whether it will break down, but once it does, the process of restoring market confidence may become slow, similar to the market situation in April this year.
