Suyay
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Critical Weekly Close: BTC loses the support of $100k
⚠️ The weekly Bitcoin chart ( $BTC ) does not lie and today's close on Sunday is shaping up to be decisive. The image speaks for itself:
❌ Major Break: We have officially lost the 50 EMA (Blue Line), which acted as dynamic support at $100,200. Now that level is resistance.
📉 The Risk of the Void: At a quote of $86,500, we are in "no man's land". Observe the 200 EMA (White Line). It is the next major moving average support and is down to $65,800.
My Reading: The weekly MACD continues to expand downward. Unless a miracle occurs and we close above $92k today, the technical structure suggests that the correction will seek lower prices to find liquidity. Maximum caution.
❌ Major Break: We have officially lost the 50 EMA (Blue Line), which acted as dynamic support at $100,200. Now that level is resistance.
📉 The Risk of the Void: At a quote of $86,500, we are in "no man's land". Observe the 200 EMA (White Line). It is the next major moving average support and is down to $65,800.
My Reading: The weekly MACD continues to expand downward. Unless a miracle occurs and we close above $92k today, the technical structure suggests that the correction will seek lower prices to find liquidity. Maximum caution.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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