Ethereum’s EMA Ribbon Poised for a Reversal on the 2-Hour Chart!On the 2-hour timeframe, Bitcoin has successfully broken out of its triangle formation, now attempting to solidify its position just beyond this key structure. If BTC can maintain its stance outside the triangle and muster the momentum needed to flip the EMA Ribbon, a move towards the 102K level could be on the horizon once again.
A decisive daily and weekly close above this critical threshold would reinforce bullish sentiment, potentially setting the stage for a new short-term rally. The market's response at this level will be crucial in determining whether Bitcoin can sustain its upward trajectory or if it will face another period of consolidation.
All eyes remain on Bitcoin’s ability to hold above the breakout zone and trigger a structural shift in momentum. If successful, we may witness the ignition of a fresh wave of bullish price action. 🚀
