📊 BTC Update | July 28

BTC has now confirmed a bearish shift in its short-term market structure, signaling that momentum is no longer favoring the bulls.

Following several failed attempts to sustain price above the rising trendline, sellers regained control and drove BTC below this critical support level. The trendline that had guided the recent uptrend has now been decisively broken.

Current technical signals:
❌ Price is trading below both the EMA20 and EMA50, indicating that bullish momentum has faded.
❌ The sequence of higher highs and higher lows has been broken, confirming a change in market structure.
❌ Bearish momentum is building as buyers continue to lose control of key support areas.

As long as BTC remains beneath the broken trendline and the EMA20/EMA50 resistance zone, the short-term outlook favors the bears. Any relief rally into these resistance levels may provide attractive short opportunities, as long as they align with your trading plan and confirmation signals.

💪 Stay patient and avoid trying to pick the exact bottom. Wait for the market to establish a new bullish structure before considering long positions. Until then, disciplined execution and proper risk management should remain your top priorities.