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BTC Price Tests Supply Zone 94,400–94,800 (EMA20–50)
• BTC bounces from 92,848.1 (local support)
• Now entering the red zone EMA 20 (94,748) & EMA 50 (94,670)
• This zone is very important because:
• This is where BTC has been rejected several times
• If it breaks through and closes 4 hours above
if it closes stable above the price 94,900 the white line EMA 99 the downtrend is likely broken
#BTC #FOMCMeeting #MarketPullback $BTC
BTC Price Tests Supply Zone 94,400–94,800 (EMA20–50)
• BTC bounces from 92,848.1 (local support)
• Now entering the red zone EMA 20 (94,748) & EMA 50 (94,670)
• This zone is very important because:
• This is where BTC has been rejected several times
• If it breaks through and closes 4 hours above
if it closes stable above the price 94,900 the white line EMA 99 the downtrend is likely broken
#BTC #FOMCMeeting #MarketPullback $BTC
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