I AM NOT FEELING GOOD ABOUT THIS!
2024-10-17

On the daily timeframe, BTC is showing signs of rejection. If this rejection plays out, be prepared to see BTC drop to $62k, where the 100 EMA provides support. The RSI indicates weak momentum and will likely reach the oversold zone. 

The only way we could see a positive move is if BTC breaks out and closes above $68k on the daily chart, which could then target the all-time high range. Until then, a bearish scenario is likely.

Please make sure to do your own research and analysis before making any decisions.

Trade safely.