*$BTC Update*
Bitcoin is now trading *under the 200-week SMA*, and the weekly candle closes in 3 days.
We already talked about what could happen if the close stays below the 200W SMA. Right now, the key is to *wait for the weekly close* to confirm.
*Interim support* between the 355-week SMA and 200-week SMA is around *$52,500 – $54,800*.
Be very cautious with long positions over the next few days.
#CRYPTO #TRADING #BTC #MarketUpdate
Bitcoin is now trading *under the 200-week SMA*, and the weekly candle closes in 3 days.
We already talked about what could happen if the close stays below the 200W SMA. Right now, the key is to *wait for the weekly close* to confirm.
*Interim support* between the 355-week SMA and 200-week SMA is around *$52,500 – $54,800*.
Be very cautious with long positions over the next few days.
#CRYPTO #TRADING #BTC #MarketUpdate