BTC.D: A Critical Turning Point
The current zone is pivotal for confirming the bearish scenario on BTC.D.
Key Points:
- Death Cross on the 12h chart confirmed last week.
- PA is retesting EMAs after the cross, increasing the likelihood of further downside.
- This is a zone to add positions if weakness confirms.
Main Scenario:
1. Retest completion → continued downtrend.
2. Major support lies around 53%, with potential for deeper declines.
Risks:
A sustained move above the current MAs could invalidate the bearish outlook.
Key Points:
- Death Cross on the 12h chart confirmed last week.
- PA is retesting EMAs after the cross, increasing the likelihood of further downside.
- This is a zone to add positions if weakness confirms.
Main Scenario:
1. Retest completion → continued downtrend.
2. Major support lies around 53%, with potential for deeper declines.
Risks:
A sustained move above the current MAs could invalidate the bearish outlook.
Disclaimer
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