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Bitcoin's price is bouncing back after a dip. It's now trading above $130,000. Interesting twist: long liquidations are outpacing shorts by about $9 million. Might be a reversal signal.
The RSI is looking bullish on the 4-hour chart. It's kind of surprising. Lower lows in price, but higher lows on RSI? Seems like bullish momentum is brewing.
Daily chart shows Bitcoin nearing its 100-day EMA at $131,500. Break that, and we might see $138,000. Daily RSI is at 47, inching up. Bears losing steam?
But if Bitcoin can't hold above the EMA, it could slide to $126,000. Not entirely clear which way it'll go.
Traders are eyeing U.S. economic data. PMI reports, job numbers - that sort of thing. Fed's next move could shake things up.
Market sentiment's shifted. From fear to... well, less fear. Neutral-ish.
Crypto's a wild ride. Do your homework before jumping in. Always.