BTC: Bearish Bias Holds as Price Tests 4h EMA
BTC opens the week lower with bias unchanged. Price at $62394 tests 4h50EMA support near $61833 amid neutral RSI and bearish MACD death cross.
SourceAnalysis
BTC opened the week lower with bias unchanged, as noted by trader @CrypNuevo. The move may simply reset delta if $61k holds, yet the structure looks fragile and capital exposure should stay limited while price remains above the 4h50EMA.
Price sits at $62394.79 inside the Bollinger band with upper resistance at $63610.97. The 50-EMA at $61833.48 continues to act as immediate support while the 200-EMA at $64381.81 caps upside. RSI at 51.33 shows neutral momentum and the MACD death cross at 457.19 confirms bearish pressure, raising the odds of a controlled retrace toward the 50-EMA before any continuation higher.
CrypNuevo
@CrypNuevoAn unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.