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A 5 SMA buy signal in BTC developed overnight, according to Linda Raschke. She pointed out that conducting analysis in the evenings, when the Asian markets open, aligns with the real start of the 24-hour trading session.
Raschke emphasized the value of evening preparation for navigating global crypto markets as activity intensifies at the beginning of the Asia trading day.
Raschke has previously tracked technical signals in other markets, noting silver closing above its 5 SMA after an upside breakout. She also reported when the minimum downside objective was reached on weekly charts as the slow line closed below zero in a separate update. These observations continue her focus on momentum signals across different asset classes.