Technical analysis by CryptoSkullSignal about Symbol BTC on 9 hour ago

BTC UPDATE: I told you a short-term bounce was possible near the 1D 50 EMA around 115K–115.6K, and it played out exactly as expected. Now, a rejection from this level toward 110K is also possible, with lower targets after that. But if Bitcoin reclaims and holds above the 1D 50 EMA, we could see a move toward 120K–122K. For now, I’ve closed 75% of my short position and will hold the remaining 25%. If the structure stays bearish, I’ll add more. I’ll keep you updated in real time. Waiting for the US stock market update after that, we should see a clearer direction.