💰 Bitcoin chart update

• Price dropped under the 50 week EMA.

• It bounced from the 100 week EMA.

• It is moving back toward the 50 week EMA.

• This setup matches the 2022 move that led to a drop toward the 200 week EMA.

• The 50 week EMA zone can give you a strong short setup.

If rate cuts turn bullish, price can reach that zone faster.

#FOMC‬⁩ #BTC

$BTC

BTCUSDT

Perp

89,171.6

-1.17%