BTC: Daily update, what is the next move?
BTC has broken support at the 7580 level off the 55 EMA and the ascening wedge After it had found resistance at the top of the ascedning wedge and at the 100 EMA.
We now assume a new chart Support was found at the 0.382 retracement region, the channel support and at the 30 RSI. If this support holds we will retest the top of this channel again. The next chart will indicate a bearish scenario
If this support breaks there is a confluent support levels at 7300 - 7250 in which a lot of traders will buy at
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