Bitcoin is under pressure today, still trading below 81.6K.
The price is hanging below its 20 and 50 EMA.
Open interest has dropped. Volumes - futures and spot are low.
Delta - ask, market orders.
Market indicators MACD, RSI - looking bearish.
ETF: yesterday saw an inflow of +1.66K BTC.
Main scenario - a drop towards support at 79.3-79K.
Alternative scenario - a bounce back above 81.6 could send the price towards 83K.
#BTC $BTC
The price is hanging below its 20 and 50 EMA.
Open interest has dropped. Volumes - futures and spot are low.
Delta - ask, market orders.
Market indicators MACD, RSI - looking bearish.
ETF: yesterday saw an inflow of +1.66K BTC.
Main scenario - a drop towards support at 79.3-79K.
Alternative scenario - a bounce back above 81.6 could send the price towards 83K.
#BTC $BTC