🫡 Same picture on Bitcoin from the 1W MA50 perspective

For the first time in this bull cycle $BTC price broke the weekly MA50 down and trades below for quite a long time.

However, no such breakdown happen without a retest — this is what we expect, a relief bounce up to $98,000 - $102,000.

Then dump to marked support level of $55,000 - $60,000.

BTCUSDT

Perp

90,201.6

-0.08%