BTC Update! Which direction will price break?
Apologize for being absent for the last week or so. Been busy and then had lost internet for a couple of days over weekend. I'm back up and running finally and overall not a ton has happened. Previously we had a low of $8919 marked for where bulls would possibly defend but I still hold our true strongest support is the 7400-7700 range. We fell to $9071 and bounced to $11,112 (essentially a double top with our prior bounce to 11,080). So we have a fairly large range of this 9000-11100 area that we are trading within for 9 days now. Not the easiest to trade much within this range in my opinion. We have now seen the bearish cross of our 12 and 26 EMAs for first time since February and struggling to get and close above these EMAs on daily chart. I personally did enter some BTC right around our current price at 10,200 and thus far have just been hanging onto it and waiting to see if we fall lower to scale into additional positions. But otherwise nothing significant and just patiently waiting for price to make its move back into 11,000's or break down below 9,000. Will update later this week if we can break out of this range (Bulls ideally seeking a higher low here compared to 9071 and then shoot for higher highs. Bears ideally seeking a higher low, lower high and then lower lows).
Just My 2 Sats!
Just My 2 Sats!
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