BTC is still in a weak bounce pattern, with daily EMA resistance.
We have tests of our limited support incoming, as the bears continue to keep full control as long as daily EMA levels are resistance.
We had a bull break on the 4 hour chart 2 days ago that had 0 follow through, and ended up breaking 4H supports.
Names like LTC, TRX, BNB are trading in a more bullish environment, and should thrive if BTC can shake the daily downtrend. But until then, bulls are quicker to take profit, and bears remain in positions.
Watch for a volume spike on the daily as this will probably occur when this daily range from the last 6 days breaks.
We have tests of our limited support incoming, as the bears continue to keep full control as long as daily EMA levels are resistance.
We had a bull break on the 4 hour chart 2 days ago that had 0 follow through, and ended up breaking 4H supports.
Names like LTC, TRX, BNB are trading in a more bullish environment, and should thrive if BTC can shake the daily downtrend. But until then, bulls are quicker to take profit, and bears remain in positions.
Watch for a volume spike on the daily as this will probably occur when this daily range from the last 6 days breaks.
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