Price action is showing signs of exhaustion after a failed attempt to break above 0.5530.
Bollinger Bands are squeezing — incoming move likely. Bias: bearish.
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Key Observations:
– Bearish RSI divergence – lower momentum despite higher highs.
– EMA9 / EMA21 support still holding, but momentum is fading.
– Coinbase Premium at -25 – signals institutional sell pressure.
– Volume declining on green candles — weak confirmation.
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Support Levels:
– 0.5250 – EMA21 zone
– 0.5145 – Bollinger mid-band / previous base
– 0.5000 – psychological round level + volume shelf
Break below 0.5145 unlocks downside space toward 0.5000.
Expecting short-term correction before potential reload.
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No emotional trades — just levels, structure, and execution.
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