$BTC Holding the Line: Relief Rally or Bear Trap? 🚨

BTC
BTC
70,779
+3.54%

Bitcoin is currently consolidating near $70,600. While it reclaimed the 20-day EMA ($70,500), it remains below the 50 and 200-day EMAs. The MACD has crossed positive, but the histogram is flattening.

​ Bullish

if we close a 4H candle above $71,600. Target: $74,000.

Bearish

if we break $68,770.

​ Watch the RSI (currently 33)—we are entering oversold territory. Time to scale in?

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