3 min readBITCOIN (BTC/USD):
Bitcoin has faced continued downward pressure after an unsuccessful attempt to break above the psychological $100,000 level. Following this failure, it retreated and is now trading back in the $90,000 range.
On the daily timeframe, it is evident that the market structure is breaking, with prices dropping below the dynamic support area provided by the daily 50 EMA. If the downward trend continues, I am particularly interested in observing how the price responds to lower demand levels and the internal ascending trend line.
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