$BTC At a Crossroads: Retest or Reversal? đđ
If you look at the 4H chart, we are currently testing the 200-day EMA. This is the "Line in the Sand" for bulls.
The Technical Setup:
Support: $67,500 must hold on the daily close.
Resistance: A breakout above $71,200 confirms the next leg to $80k.
RSI: Currently sitting at 45 (Neutral)âthere is plenty of room for an upward move.
Verdict: I am looking for a "Spring" formation. Iâll be entering long positions if we see a fake-out below support followed by a quick recovery.
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