$BTC up or down
BTC UPDATEBTC closed as an indecisive candle today. Like what I've mentioned yesterday, BTC wants a retest. As you can see in the 4hr chart. 4hr ema100 is acting as resistance here. We saw the fakeout in that level leaving with a bearish candlestick. This is not a good sign for bulls. And after the bounced from our trendline support, BTC from the last 4hr is trying to break our 4h ema100 again. Currently it is being rejected. Both scenarios are possible to playout today. We need to wait for another 2-3 consecutive 4hr candlestick closing to confirm the next possible moves. A breakout upside will lead us to $43000 resistance level. A clear rejection from ema100 will give us a 2nd retest of support. Below of our trendline support, we have 4hr moving average50 that exactly in our major support area. If there's a bouncing movement here with good volume. It's good for bulls. But if we lose that support, the door for 37k area will be open. My place for new higher low still valid.
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