Price action on the daily chart on BTCUSD is currently fighting against EMA200 which is acting as a strong resistance at the moment. On the 4H chart it is possible to see that the price tried to break through the EMA200 succeeding for a brief period before returning back below.
An important movement is decided here: if price action can close decisively above EMA200 we can see the bullish trend gaining momentum; if it faiis to do so we can possibly see a trend reversal, at least in the short time.
An important movement is decided here: if price action can close decisively above EMA200 we can see the bullish trend gaining momentum; if it faiis to do so we can possibly see a trend reversal, at least in the short time.