π BTC UPDATE 06/08 β THE TREND IS SHIFTING IN FAVOR OF LONGS
BTC continues to maintain a strong bullish structure after rebounding sharply from the 62.4k support zone. On the M15 and M30 timeframes, price remains above both the EMA20 and EMA50, despite a brief pullback from 65k to around 64.6k. This suggests that while some profit-taking has occurred, buying pressure continues to absorb the selling, with no signs of the short-term uptrend breaking.
On the H1 timeframe, the EMA20 is widening its distance from the EMA50, and both remain above the EMA200, confirming that bullish momentum is still intact and the overall trend continues to favor the upside.
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