$BTC update Current Price: Around $59,418.

according to ema indications

• EMA(7): $59,481

• EMA(25): $60,877

• EMA(99): $61,022

• Support & Resistance:

• Support: Around $57,860 (recent low)

• Resistance: Around $60,121 (recent high) and $61,022 (near the EMA(99))

There are two potential scenarios

Bullish Scenario:

• If the price continues to stay above the EMA(7) and manages to break above $60,121 (current resistance), we could see a move towards the next resistance at $60,877 (EMA(25)) and possibly $61,022 (EMA(99)).

• Take-Profit (TP):

• TP1: Around $60,121 (short-term target)

• TP2: Around $60,877 (EMA(25))

• TP3: Around $61,022 (EMA(99))

• Stop-Loss (SL):

• SL1: Below $57860

2. Bearish Scenario:

• If the price fails to break above $60,121 and moves below the EMA(7), it could test the recent support level at $57,860.

• A break below this support could signal further downside.

• Take-Profit (TP):

• If shorting, potential targets could be the $57,860 area, with further downside if that level breaks.

• Stop-Loss (SL): 60121

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