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Post #2912
@alpha_updates
Alpha updates. 🪓
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On the weekly, BTC is sitting on two key supports, the trendline and the 50 EMA. Historically, BTC has broken the 50 EMA only twice, and both times it wicked below, tapped the trendline, and closed back above the 50 EMA. This time the trendline is gone, but we still have 2 days left for the weekly close. If BTC reclaims the 50 EMA by weekly close, it sets up the same bullish reversal structure we’ve seen before.