#BTCUSDT 2H Chart update
After price went up and reached the resistance at $49,171, it got rejected and now it is moving in a downtrend. MACD lines just crossed after showing bullish weakness, however RSI is above the 50% level and price is stil trading above EMA ribbon. If price breaks from the support line of the downtrend we can expect BTC at 47.7k and potentially 47k, but if price manages to go up it will try and break through the 2h supply again.
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Free Binance Future Signals
@signalforall
After price went up and reached the resistance at $49,171, it got rejected and now it is moving in a downtrend. MACD lines just crossed after showing bullish weakness, however RSI is above the 50% level and price is stil trading above EMA ribbon. If price breaks from the support line of the downtrend we can expect BTC at 47.7k and potentially 47k, but if price manages to go up it will try and break through the 2h supply again.
---
Free Binance Future Signals
@signalforall