Bitcoin (BTC): Bullish Reversal Forming | Good R:R Setup

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The zone liquidity came out much deeper than we thought, which resulted in the EMAs shifting far away from the current market price.

With the current reversal forming up and EMAs being far away (which usually act as good magnets in such a case), we are expecting a good upside movement from here.

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8 giờ trước

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BTC is moving just as we were expecting. with slight upside pressure where price is heading towards the BOS area.

While we see some signs of bullish momentum forming, we need to keep in mind that the priority stays the same: the forming of the Break of Structure zone.

As soon as we get it, we are going to expect the EMAs to be tested (both 100 and 200).