Technical analysis by CryptoOverseerX about Symbol BTC on 8/20/2024

In my previous analysis, I anticipated this week to be green with a potential entry around $56,000. However, it seems we might not get that opportunity as BTC/USDT is now showing a Change of Character after printing a higher low and forming a reversal pattern on the daily timeframe. The $60,000-$62,000 range remains a crucial resistance level. Despite this, I believe we have a strong chance to break through it this week. We’ll have to wait and see whether we get a breakout or face rejection in this area. I’m currently looking for an entry opportunity if BTC breaks the 40-EMA on the Daily Timeframe. PREVIOUS ANALYSIS : https://www.tradingview.com/chart/BTCUSDT/KAo2jffZ-BTC-USDT-Market-Outlook-for-This-Week-What-to-Expect/