Bilal Bawan / Crypto Trader & Market Anylast Dedicated cryptocurrency trader with a passion for a market trand , technical analysis and digital asset Strategy.
Recent Local Bottom: $0.7359 Technical Analysis (4H Chart)
📈 EMA Trends
EMA(7): 0.8064 ✅
EMA(25): 0.7906 ✅
EMA(99): 0.8462 ❌
✅ Price has broken above the short-term EMAs (7 & 25) – indicating bullish momentum. Price is at resistance zone (EMA 99). May get rejected here temporarily.
Price is above both EMA(7) and EMA(25) = short-term bullish ✅
Price is still below EMA(99) = longer-term bearish resistance at ~3.59 ❌ Long Positions: 35.96%
Short Positions: 64.04%
This indicates bearish sentiment from most traders (contrarian signal = possibly bullish if a squeeze occurs). Price Action: Showing steady recovery from a low of 3.3025.
Consolidating near resistance (around 3.50 - 3.52) but holding the EMAs well.
Price is above the 7 EMA (112,271.7) and 25 EMA (112,121.9), which is slightly bullish in the short term.
But it is still below the 99 EMA (114,235.5), showing that the overall trend remains bearish unless it breaks above that level.
Recent Price Movement:
BTC bounced from the low of 108,559.7 and is now showing signs of a minor pullback near resistance (~113,000). 95.03% Long vs. 4.97% Short – Extreme bullish sentiment from traders. This might be risky due to potential long squeeze scenarios.