$BTC 🟠 Bitcoin on pause… healthy correction or beginning of a drop? 🟠
After reaching a new high of $105,863, the price of #BTC has retraced nearly 3%, settling above $101,297.
Despite the drop, it still remains above the 9-day EMA, but the momentum is beginning to cool down 📉.
📊 RSI dropping to 58 indicates a loss of bullish strength.
📉 MACD is giving early signals of a possible bearish crossover.
🟡 Watch out for the $100K zone: losing it significantly could lead us to $96K.
🧠 What to do?
It's time to observe the behavior near the EMA9. A strong recovery could take us to new highs. A breakout could trigger more aggressive selling.
🔔 Stay alert and follow the daily analysis with us!📱
⚠️ WARNING ⚠️
📌 This is a personal and subjective analysis from Cripto Analista, not advice, and under no circumstances should it be taken as a signal to trade.
💡 Remember that the cryptocurrency market is very volatile and unpredictable, so trade cautiously and at your own risk.
🔎 Do your own research! (DYOR)