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๐ BTC 4H Update
BTC is still moving exactly as discussed over the last few days. After holding support near $59K, price has entered a sideways range but remains below all major EMAs, so the trend is still cautious.
I'm waiting for a 4H EMA breakout with strong volume. That would be the first confirmation of bullish momentum. Until then, I still expect a short-term relief bounce, but not a confirmed trend reversal.
Key confirmation: Break above the EMA cluster + volume spike.
BTC is still moving exactly as discussed over the last few days. After holding support near $59K, price has entered a sideways range but remains below all major EMAs, so the trend is still cautious.
I'm waiting for a 4H EMA breakout with strong volume. That would be the first confirmation of bullish momentum. Until then, I still expect a short-term relief bounce, but not a confirmed trend reversal.
Key confirmation: Break above the EMA cluster + volume spike.
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JUST IN: Tom Lee's 'BitMine' buys 27,084 $ETH worth $43 million.
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๐จ XAUUSD DAILY TIMEFRAME UPDATE ๐จ
Gold remains under strong selling pressure after breaking below the 4355 key support. ๐
Price is now approaching the next major demand zone around 3890.
๐ป Bearish Scenario
If 3890 fails to hold, sellers could extend the decline toward fresh lower lows.
Gold remains under strong selling pressure after breaking below the 4355 key support. ๐
Price is now approaching the next major demand zone around 3890.
๐ป Bearish Scenario
If 3890 fails to hold, sellers could extend the decline toward fresh lower lows.
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BTC continues to account for the majority of outflows, reflecting cautious institutional sentiment in the current market environment.
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BTC bounced from the $58K support as expected and has reclaimed the short-term EMAs. The liquidity map shows more liquidity above, increasing the chances of a move toward $61Kโ$62.5K.
I'm still looking for strong volume and acceptance above these levels before turning bullish. Until then, this remains a relief bounce within the broader trend
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