📊 $BTC - Key Decision Zone
On the daily timeframe, price has hit the EMA(7), acting as a dynamic resistance in the current downtrend.
On H1, the structure looks like an ABC correction after the downward impulse, with a potential wave C currently forming.
🔑 Key Level: 68.4k
Scenarios:
🔻 Bearish:
If price fails to close above 68.4k and we see a rejection from EMA(7) — further downside is likely.
Targets: 66.2k → 65k
🔼 Bullish:
If we get 2–3 hourly closes above 68.4k (or a breakout + retest) — this signals that price is accepted above the level.
In this case, further upside is possible.
Targets: 69.5k → 70.5k+
⚠️ Currently, this is an uncertainty zone.
It’s better to wait for confirmation rather than entering blindly.