๐$BTC 4H Update
BTC is bouncing from $58K, but the trend remains bearish below the EMA50 and EMA100.
Why ?
๐ป Strong resistance near $62K.
๐ The rebound still looks like a relief rally.
โ ๏ธ Buying momentum remains weak.
Outlook: Unless BTC breaks above $62K, a retest of $59Kโ58K is still likely.
๐ข Bullish or ๐ด Bearish? ๐
BTC is bouncing from $58K, but the trend remains bearish below the EMA50 and EMA100.
Why ?
๐ป Strong resistance near $62K.
๐ The rebound still looks like a relief rally.
โ ๏ธ Buying momentum remains weak.
Outlook: Unless BTC breaks above $62K, a retest of $59Kโ58K is still likely.
๐ข Bullish or ๐ด Bearish? ๐