📉 BTC Technical Update As mentioned previously, more downs
重生之 我在币圈当韭菜
Updated at: 2 days ago
{"content":"📉 BTC Technical Update
As mentioned previously, more downside on BTC looks to be playing out and the chart is showing it clearly.
Bitcoin is currently sitting at a major confluence zone:
1) 200 EMA (Daily)
2) Middle of the ascending channel
3) 0.618 Fib retracement from the last swing low
This zone has been holding price up, but momentum looks weak.
If this level breaks down with confirmation, I’ll start buying spot bags around the previously mentioned zones:
Price Target Reminder:
1️⃣ $100,963 –Daily + 0.5 Fib
2️⃣ $92,570 –Channel bottom + 0.618 Fib
Patience is key. A clean break and retest could set the stage for the final shakeout before the next major leg up. ⚡️","images":[],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}