Bitcoin: Volatility Looms With Earnings Reports
Crypto trader CrypNuevo flags Bitcoin volatility this week as 15% of S&P 500 names including META and TSLA report earnings, with 4H chart showing resistance at the 50EMA.
SourceAnalysis
@CrypNuevo expects volatility for BTC this week as roughly 15% of the S&P 500 reports earnings, naming SPCX, META and TSLA as key movers while noting the 4H50EMA and range highs cap upside.
Technical Confluence: Price at $81050.39 trades inside the Bollinger Bands yet below both the EMA50 at $82315.57 and EMA200 at $82086.72, confirming the bearish structure. The MACD death cross at -288.62 keeps momentum negative while RSI at 40.86 offers no oversold relief, leaving the lower band at $80908.84 as the next logical test before any long setup at level (2) can be considered.
CrypNuevo
@CrypNuevoAn unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.