Hi, traders! The market is presenting a mixed picture today. Bitcoin is facing a crucial test, while institutional flows continue to dictate the narrative for major alt coins. Stay sharp and manage your risk. Here are the top updates to guide your trading day.
💡 Tip 1: Bitcoin Holds a Critical Line – The Range to Watch
Bitcoin (BTC) is currently consolidating above its key support level at $82,500, which aligns with the 50-day Exponential Moving Average (EMA). This level is proving to be a critical battleground.
* Trigger: A daily close below $82,500 could signal further downside, with the next major support zone near $79,000.
* Actionable Signal: On the other hand, if BTC can reclaim and hold above $85,000, watch for a potential retest of the strong resistance at $88,000. Keep an eye on trading volume for confirmation of any move. The current low volume suggests indecision.
What's your play on BTC today? Are you seeing signs of a bounce or a breakdown? Comment below!
