The king of the market, $BTC is showing incredible strength, but the charts are asking us to be cautious at this exact level. 📉
1️⃣ Critical Resistance: We are struggling with the daily EMA 50 at $72,914. This is the level that separates recovery from a new bullish rally.
2️⃣ Overbought Alert: In 4H, the RSI has reached 86 points. Historically, when Bitcoin is this high in the RSI, a small pullback usually follows.
Pending Entry (Pullback): Do not buy at the peak. The ideal point for a safe entry is the retest of the EMA 200 (4H) near $70,500.
Take Profit (TP): $74,000 (psychological level) and then $77,000.
Stop Loss (SL): $69,300 (below the minimum of the last 24h). Always protect your capital!
Do you think we will close the day above $73k or will the bears send us back to $70k? 👇