Hello traders! Let’s take a closer look at
BTCUSD !
Recently, we’re seeing clear signs of a potential reversal after BTCUSD formed a double top pattern, and the EMA 34 and EMA 89 have crossed each other.
Breaking the support level around the previous key zone has strengthened the bearish momentum, potentially triggering a further decline towards the next support level near 103,500 USD.
However, I’m also watching for possible reversal signals at these support levels. If BTCUSD holds above 103,500 USD and forms a higher low, we may see the bulls make a comeback.
🔴 Key Levels to Watch:
Stay alert and be ready for potential market shifts! Will the bulls step in at 103,500 USD? Or will the bears continue to dominate?
Let me know your thoughts and happy trading!
Recently, we’re seeing clear signs of a potential reversal after BTCUSD formed a double top pattern, and the EMA 34 and EMA 89 have crossed each other.
Breaking the support level around the previous key zone has strengthened the bearish momentum, potentially triggering a further decline towards the next support level near 103,500 USD.
However, I’m also watching for possible reversal signals at these support levels. If BTCUSD holds above 103,500 USD and forms a higher low, we may see the bulls make a comeback.
🔴 Key Levels to Watch:
- Resistance: 114,000 USD
- Support: 103,500 USD
- EMA Crossover: Strong Bearish Signal
Stay alert and be ready for potential market shifts! Will the bulls step in at 103,500 USD? Or will the bears continue to dominate?
Let me know your thoughts and happy trading!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.