#Bitcoin 1D chart updated;

6 thg 9

BTC 1D chart;

Let's do a general #Bitcoin analysis;

Bitcoin hasn't had a daily EMA (50-200) crossover in a little over 11 months. However, if it continues like this, it will experience a Dead Cross cross in a few days. This can also be interpreted as a bearish signal. This intersection does not mean that it will fall 100%, but it is one of the strong signals.

Bitcoin continues its downtrend after its historic peak, making continuous lower highs.

I would like to draw your attention to the MSS levels; they signal a trend reversal. The last upward trend reversal happened and it hasn't changed to the downside yet. For this to happen, a close below the +OB level of $56000 is required. Then the downside MSS will take place. Following this closely will give you an idea of the possible trend direction.

It last tested the $49000 level with a hard pin. This is the OB resistance. We see that this area is working well.

I still think that the $48000 level, which I have mentioned every time (unless there is no contrary data), can be retested.

However, if there is a close below it, the OB at $42000 and the BPR (Balance Price Range) at $41000, just below it, could be tested.

These are not possibilities that I expect, I just want to let you know that these levels exist. In a possible dire scenario, these levels can be targeted to determine entry points.