Hello everyone, BTCUSD is rising above $62,110 and the downtrend line is still intact.
However, on closer inspection, we can see that the price is still above the 34 and 89 EMAs, which reinforces the recovery prospects in the correction trend of this coin. My strategy is to wait for a recovery towards the $64,000 resistance level and then we can expect a further decline targeting the $58,000 - $53,000 levels respectively.
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