π BTC UPDATE 07/08 β SELLERS ARE LOSING MOMENTUM, LOOKING FOR LONG OPPORTUNITIES
BTC has just gone through a fairly strong pullback from the $65K area, but the selling pressure has failed to maintain its downward momentum.
On the M15 and M30 timeframes, price continues to form higher lows after each retracement while retesting the EMA20βEMA50 cluster. This suggests that buyers are gradually stepping back in and absorbing profit-taking pressure.
If this structure holds and BTC confirms support above the EMA zone, the higher-probability scenario is to wait for LONG setups in line with the prevailing trend rather than chasing short positions
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