Bitcoin holding support but getting rejected at the 200-day MA. Price action stuck in limbo as markets wait for the US-China summit outcome.
Key levels to watch:
- Support holding for now, but momentum weak
- 200-day MA acting as resistance ceiling
- Volume declining = indecision
The real catalyst? US-China talks. Any breakthrough could trigger a leg up. Failure = more choppy range-bound action.
Not the time to ape in. Wait for confirmation above the 200-day or a clear macro shift. Risk management > FOMO right now.