$BTC update Current Price: Around $59,418.
according to ema indications
โข EMA(7): $59,481
โข EMA(25): $60,877
โข EMA(99): $61,022
โข Support & Resistance:
โข Support: Around $57,860 (recent low)
โข Resistance: Around $60,121 (recent high) and $61,022 (near the EMA(99))
There are two potential scenarios
Bullish Scenario:
โข 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)).
โข Take-Profit (TP):
โข TP1: Around $60,121 (short-term target)
โข TP2: Around $60,877 (EMA(25))
โข TP3: Around $61,022 (EMA(99))
โข Stop-Loss (SL):
โข SL1: Below $57860
2. Bearish Scenario:
โข 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.
โข A break below this support could signal further downside.
โข Take-Profit (TP):
โข If shorting, potential targets could be the $57,860 area, with further downside if that level breaks.
โข Stop-Loss (SL): 60121
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