$BTC sliced through the 200W EMA level like it's nothing. Now, there are 2 scenarios: BTC reclaims the 200W EMA, and in that case, a relief rally could happen towards the 100W EMA ($86,000). And if Bitcoin fails to reclaim the 200W EMA level, it will dump to 100W EMA soon. Historically, whenever BTC has touched the 100W EMA, 80% of BTC downside had already happened.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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