📊 BTC UPDATE 04/08 – LONG BIAS REMAINS, BUT WAIT FOR THE PULLBACK

BTC is showing stronger bullish momentum compared to previous sessions. After forming a local bottom around 62.3k–62.5k, price rebounded sharply and has reclaimed all of the short-term EMAs on the M15 and M30 timeframes. The EMA20 remains above the EMA50, indicating that short-term bullish momentum is still intact.
On the H1 chart, BTC is trading above both the EMA20 and EMA50, while continuing to form higher lows, suggesting that buyers are gradually taking control of the market.

👉 With the current market structure, our preferred strategy is to look for LONG opportunities on pullbacks. However, avoid FOMO by chasing the price after a strong green move.