#BTC
Key Current Situation:
Daily line confirms loss of weekly EMA50 moving average
Price forms a double bottom above higher timeframe support
Technical Analysis:
Theoretically expected to form a double bottom rebound
But more likely to sweep down (classic main force harvesting pattern, as indicated by the arrows in the image)
Core Logic:
Daily line closing below EMA indicates downside risk
A quick sweep may instead signal a bullish market
Could also continue sideways for several weeks to build a bottom
Major Events Calendar:
Today: Federal Reserve meeting minutes
Thursday: CPI inflation data
Friday: PPI data
