BTC pressure, price under a lot of selling pressure💎 Update Plan BTC weekend (June 22)
Notable news about BTC:
Market overview: Bitcoin's consolidation lasts in the context of increasing macro instability
US President Donald Trump expressed his caution on Thursday when he delayed the decision involving a potential direct attack on Iran for a maximum of two weeks. The global market, including cryptocurrencies, has reacted, slightly increased in Asian and European sessions when investors absorb the impact of crude oil prices in the context of interrupted transport routes.
However, traders are very cautious, reflecting the tough stance of Fed President Jerome Powell on the economy, with the reason for the expectation of inflation in the short term due to tariffs.
Bitcoin -large holders continue to accumulate despite the cautious attitudes of traders on the spot and derivative markets.
Technical analysis angle
Bitcoin price fluctuates around $ 104.057 after cutting up the day from the peak of $ 106,457 of Friday. Main technical indicators, such as relative power index (RSI), strengthen the trend of discounts when the price slip down the average line 50.
Money Flow Index (MFI) indicator, monitoring the amount of money poured into BTC, shortening the trend of increasing, stable around the middle line. This reflects the limited interest in Bitcoin on both spot markets and derivative markets.
If the weakness of the Organizing Committee overshadows the demand on the chain and network activity, supporting the exponent dynamic line (EMA) 50 days at $ 103,169 can be helpful, temporarily absorbing the pressure of selling. Overcoming this level, high fluctuations can accelerate the decline, bringing the main levels, such as EMA 100 days at $ 99,085 and EMA 200 days at $ 93,404, in.
==> Comments for trend reference. Wishing investors successfully trading
