BTC Update! Bulls battling for $9700?
Is $9700 the resistance to beat and finally get a bull pop? It sure seems to be and that is pretty much what I am watching for a potential entry back in for a trade. The caution I have with this is our daily chart. We have still not tested our 12 EMA again which is now under 10k. This could be an easy setup where bulls rush in on a bull break above $9700 only to see the bears smash price back down on a 12 EMA rejection on daily.
Overall just very low volume since our bear break on Wednesday and not much movement other than sideways since then sticking within about a 3% range for 4 days now. Be prepared for the bull move and hope the bears aren't setting it up for their shorts based on daily 12 or 26 EMAs. 4 hour continues to get rejected by 26 EMA but things do seem to be building in intensity here so possible pop sooner rather than later.
Just My 2 Sats!
Overall just very low volume since our bear break on Wednesday and not much movement other than sideways since then sticking within about a 3% range for 4 days now. Be prepared for the bull move and hope the bears aren't setting it up for their shorts based on daily 12 or 26 EMAs. 4 hour continues to get rejected by 26 EMA but things do seem to be building in intensity here so possible pop sooner rather than later.
Just My 2 Sats!
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