🚨 $BTC MONTHLY IMBALANCE JUST GOT REJECTED.



20EMA, 100EMA, 200EMA - all declining on the weekly

Price filled the $84k monthly imbalance, printed a bearish engulfing, and got sold hard

3D death cross just confirmed - first since 2022, which preceded 45-52% in further losses that cycle

Next target: EMA200 retest at $68k

Invalidation: weekly close back above $84k with follow-through

As for me, declining ribbon + filled imbalance + engulfing candle all in the same week is the obvious confluence

$BTC
{spot}(BTCUSDT)
BTC-5.87%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned