📉 BTC down, BEAT up. What’s going on?
Actually, after testing the $1.57 support, when RSI became oversold, traders simply bought what looked like a temporary bottom. The bulls defended the support level and pushed the coin higher for a short-term bounce. 🐂
Another possible reason is that $BTC may have been feeding on altcoin liquidity to hold the $64.5K level. But in the end, it failed to hold that support and gave that liquidity back to the market. 🌊
As a result, $BEAT climbed toward $1.74 and is now running into the EMA resistance zone while printing long upper wicks on the candles. ⚠️
I don’t expect a successful breakout and consolidation above $1.74–$1.80 today. If BTC continues to move lower, we could easily see another test of the $1.57 support as early as today.
And if that level finally breaks, then $1.47 becomes the next major target. 🎯📉
Meanwhile, my bots keep on trading and earning profit 💪
