đđ„ BTC WEEKLY ANALYSIS â SMA100 & EMA100 EDITION đ„đ
đ„đ BTC JUST RETESTED A MASSIVE CONFLUENCE ZONE ON THE WEEKLY CHART.
đ„đ THE PRICE IS SITTING DIRECTLY ON THE SMA100 (YELLOW) â A MAJOR LONG-TERM SUPPORT IN EVERY BULL MARKET.
đ„đ THE EMA100 (ORANGE) IS RIGHT BELOW AT 84K â THIS IS THE FINAL DYNAMIC SUPPORT BEFORE A REAL STRUCTURAL BREAK.
đ„đ THE RETEST IS HAPPENING INSIDE THE OTE ZONE + ON THE LOWER BAND OF THE LONG-TERM ASCENDING CHANNEL.
đ„đ THIS IS TYPICAL âBULL MARKET RETRACEMENTâ STRUCTURE, NOT A REVERSAL PATTERN.
đ„đ AS LONG AS 84â86K HOLDS â THE NEXT TARGET REMAINS 130Kâ160K AT THE TOP OF THE CHANNEL.
đ„đ BREAKING EMA100 (84K) WOULD BE THE FIRST TRUE BEARISH SIGNAL OF THE CYCLE.
đ„đ UNTIL THEN â BULLISH STRUCTURE IS FULLY INTACT
â ïž **DISCLAIMER:** THIS POST IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING IN CRYPTO