๐ Is the $BTC bottom in?
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Yesterday, Bitcoin surged after the Federal Reserve press conference but was rejected at the 28 EMA, signaling a potential bearish trend. However, it's holding around $57,000 on the 4-hour timeframe, showing "absorption" despite declining CVV line. A bullish trend could be confirmed by breaking above resistance levels at $58,400 and $59,000, targeting $60,800, possibly rallying altcoins. Yet, recovery isn't assured; the downtrend may continue if the breakout fails. Thus, cautious optimism is advised.
