Bitcoin: Bounce Holds as Shorts Pile In
Bitcoin at $75901.47 bounces after sweeping lows, defying crowded shorts as per @CryptoMichNL amid bearish EMA structure.
SourceAnalysis
Bitcoin shows resilience at $75901.47 with a bounce after sweeping lows, surprising observers as crowded shorts build, according to @CryptoMichNL. Price tests lower Bollinger support near $75943.29 while EMA50 at $77722.42 acts as resistance in the bearish structure marked by MACD death cross at -246.47 and RSI at 34.58, suggesting potential consolidation before any reversal in the BTC price prediction amid crypto market dynamics.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast