Bitcoin (BTC) is showing bearish short-term signals, currently trading below the 50-day EMA but still above the 200-day EMAโa crucial technical setup.
๐ Key Levels:
A breakout above $86,263 could send BTC soaring past $90K+ ๐
A drop below $80K may lead to a retest of March lows at $76,642 โ
Meanwhile, Ethereum (ETH) is moving in sync with BTC, trading between $1,930 and $1,860 as the market awaits direction ahead of the Fed meeting.
๐ก The RSI remains neutral, indicating a lack of strong momentum in either direction.
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๐ Bitcoin & Ethereum Market Update โ Key Levels to Watch!
Bitcoin (BTC) is showing bearish short-term signals, currently trading below the 50-day EMA but still above the 200-day EMAโa crucial technical setup.
๐ Key Levels:
A breakout above $86,263 could send BTC soaring past $90K+ ๐
A drop below $80K may lead to a retest of March lows at $76,642 โ
Meanwhile, Ethereum (ETH) is moving in sync with BTC, trading between $1,930 and $1,860 as the market awaits direction ahead of the Fed meeting.
๐ก The RSI remains neutral, indicating a lack of strong momentum in either direction.
๐จ Will the bulls take charge, or is more downside ahead? Stay sharp, traders!#Fed's March Rate Decision #BTC Price Trend Analysis