Technical analysis by CryptoOverseerX about Symbol BTC on 8/16/2024

In my previous analysis, I mentioned that we expect the price action this week to create a wick around $54,000-$56,000 and close this week around $58,000. I'm still looking for an entry around $54,000-$56,000. However, the price action has bounced right off the 40-Weekly EMA around $56,000, so there's a chance we might not get the entry we wanted. Let's watch how the price action develops in the coming days. PREVIOUS ANALYSIS : https://www.tradingview.com/chart/BTCUSDT/wr9aHxWc-BTC-USDT-Updated-Market-Outlook-for-This-Week-What-to-Expect/