๐ IS BITCOIN ACCUMULATING OR SETTING A TRAP?
๐The $BTC is holding strong around $77.8k, showing resilience after testing lower supports. On the daily candlestick chart, we see the price battling directly with the fast EMAs (EMA 7 and 25), while the RSI at 48.8 is signaling absolute neutrality.
๐ What to expect now? Bullish Scenario: Breaking through $78,500 with volume could open up room to chase new highs. Bearish Scenario: Losing the current stability could bring the price back to test the longer EMAs. Volume is declining... Calm always precedes the storm in the crypto market!
โกWhat are you doing now? BUY, SELL, or HOLD? Share your strategy in the comments!
๐#Bitcoin #BTC #cryptotrading #TechnicalAnalysis $1000CHEEMS $BANANAS31
๐The $BTC is holding strong around $77.8k, showing resilience after testing lower supports. On the daily candlestick chart, we see the price battling directly with the fast EMAs (EMA 7 and 25), while the RSI at 48.8 is signaling absolute neutrality.
๐ What to expect now? Bullish Scenario: Breaking through $78,500 with volume could open up room to chase new highs. Bearish Scenario: Losing the current stability could bring the price back to test the longer EMAs. Volume is declining... Calm always precedes the storm in the crypto market!
โกWhat are you doing now? BUY, SELL, or HOLD? Share your strategy in the comments!
๐#Bitcoin #BTC #cryptotrading #TechnicalAnalysis $1000CHEEMS $BANANAS31