Hello traders,
It's the 10th day after the BTC halved, and there hasn't been a significant move in the market. We saw a 5% push right after the halving, but eventually, it dropped by -8%.
The current scenario shows good support ranging between $60k to $62k, where we have the 100 EMA as strong support. Once BTC breaks below these levels, we will likely get a confirmation of correction, and the first level of support will be $52k.
If BTC maintains the support levels, then we will likely witness a temporary bounce in BTC.
The situation is still tight, and the market can lean in any direction. So be prepared.
Regards,
Team Dexter.
It's the 10th day after the BTC halved, and there hasn't been a significant move in the market. We saw a 5% push right after the halving, but eventually, it dropped by -8%.
The current scenario shows good support ranging between $60k to $62k, where we have the 100 EMA as strong support. Once BTC breaks below these levels, we will likely get a confirmation of correction, and the first level of support will be $52k.
If BTC maintains the support levels, then we will likely witness a temporary bounce in BTC.
The situation is still tight, and the market can lean in any direction. So be prepared.
Regards,
Team Dexter.
