$BTC scenario for the weekend. So, today the candle (bar) price opened below the 200-day EMA, and if it closes below that, plus breaks the 11-day trend diagonal line, the price will go down. The first target is $81,750, then $81,000–$80,300 – this is a cascade of large liquidations of long positions, then $79,600 and $77,300.
I repeat, this is a possible scenario if the price $BTC closes today below the opening and below the 200-day EMA.
If it closes above the 200 EMA and we go up, then the target is $86,500–$86,700, then $87,000–$87,700 – the liquidation zone for short positions, resistance is $88,000.
Not financial advice, trade wisely and earn! If you have your own opinion, write in the comments.
4H TF Chart
