#BTC recovery or trap? 🔎
Bitcoin closed the day above the descending trend line, tested the EMA on the 4H and is currently correcting.
It is important to keep the day above the trend line to confirm the absence of a false breakout.
We must remember that a sharp squeeze down is possible for final liquidity collection.
At the moment, the most important zone is 116k - where the lines of intersection of previous trend lines and all EMAs on the 1D are concentrated.
