🚨 $BTC Drops Below EMAs – Is a Reversal Coming Soon?
$BTC is currently trading at $116,431, down 2.76% on the day, and showing weakness after failing to hold key EMA levels. It hit a 24h high of $120,526 but has since retraced toward the $115,736 low. With price sitting below the 7, 25, and 99 EMAs, the momentum has turned short-term bearish, signaling potential for more downside or consolidation before a new breakout.
Trade Setup:
Buy Zone: $115,200 – $115,800
Stop Loss: Below $114,600
Target 1: $117,200
Target 2: $118,500