#MarketPullback Bitcoin Weekly Close Approaching: Key Levels to Watch

Bitcoin is approaching its weekly closing, and the battle between bulls and bears is heating up. Looking at the weekly and daily charts, there’s a clear effort from bulls to push BTC above the 200 EMA (blue line) before the close. This could be an attempt to manipulate sentiment, making it seem like BTC is holding strong support.

However, if BTC fails to close above this level and breaks down further, altcoins—already bleeding heavily—could see even more downside. Traders should exercise caution while trading alts in this uncertain environment.

Key Observations:

Bulls are trying to reclaim the 200 EMA to avoid further downside.

Market manipulation is possible as big players push BTC above key levels before closing.

Altcoins remain vulnerable, so traders should manage risk carefully.

Stay sharp and watch the closing levels closely!