$BTC has gotten us all pretty desensitized to the swings lately. The setup's screaming for a potential reversal bart in the near term—probably next day or two, honestly.
Here's what makes sense: this latest impulse is crashing directly into a confluence of moving averages. We're talking daily 21 EMA alignment with the 200 4H EMA. That's the kind of cluster that usually commands respect on the chart.
It's a textbook setup. Not saying it plays out perfectly, but statistically speaking, this is exactly where you'd want to be watching for reversal signals.
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$BTC has gotten us all pretty desensitized to the swings lately. The setup's screaming for a potential reversal bart in the near term—probably next day or two, honestly.
Here's what makes sense: this latest impulse is crashing directly into a confluence of moving averages. We're talking daily 21 EMA alignment with the 200 4H EMA. That's the kind of cluster that usually commands respect on the chart.
It's a textbook setup. Not saying it plays out perfectly, but statistically speaking, this is exactly where you'd want to be watching for reversal signals.