$BTC Update: Can buyers push the price up?
On the 4-hour chart, we can see that BTC was moving within a triangle and has broken the short trend line. The price is currently hovering around the ema50 level on this timeframe.
If the retest is successful and the price doesn't fall back into the triangle, we might see an impulsive move towards the bearish order block that acts as resistance, marked in the screenshot below.
On the 4-hour chart, we can see that BTC was moving within a triangle and has broken the short trend line. The price is currently hovering around the ema50 level on this timeframe.
If the retest is successful and the price doesn't fall back into the triangle, we might see an impulsive move towards the bearish order block that acts as resistance, marked in the screenshot below.