Let’s talk about the overall direction of the BTC market.
The weekly indicators have indeed recovered perfectly and are now poised to turn bullish at any time. However, the mid-term indicators have not yet formed a bullish pattern, so it goes without saying that the daily indicators have not formed one either. For now, the question is whether the market can find support around 73,300 and successfully build a base.
I don’t recommend scaling into long positions. It’s better to stick to swing trading. For example, if the market pulls back from around 73,300 today without breaking below the previous low, and the ultra-short-term and short-term indicators are bullish, you could go long for a swing trade. Of course, shorting around 74,800 is also a good option: the ultra-short-term indicators are bearish, while the short-term indicators are lagging, so there may be opportunities to trade the swings in both directions. That’s preferable to simply holding long positions and betting on a major uptrend.
At the moment, the mid-term indicators have not formed a bullish pattern and are lagging. It’s still too early to expect a sudden break above the 75,400 resistance level and the start of a choppy uptrend.
Also, based on the price movements of previous years, the current monthly indicators, viewed together with the weekly indicators, suggest the market could turn bullish at any time. But we should also guard against the possibility that, after the weekly KDJ forms a bottoming bend, it continues downward alongside a MACD death cross and falls below the zero line. As I’ve said before, as long as the price breaks below 75,000, there’s a chance of a sell-off. The probability is low, but we need to account for this risk. If a sell-off happens, then even if the weekly chart turns bullish later, it would be a rebound from a lower range—not from above 73,300—and the market’s volatility would reset. So I still recommend focusing on swing trades during this period, rather than deliberately scaling into long positions.
#行情分析📈 $BTC
The weekly indicators have indeed recovered perfectly and are now poised to turn bullish at any time. However, the mid-term indicators have not yet formed a bullish pattern, so it goes without saying that the daily indicators have not formed one either. For now, the question is whether the market can find support around 73,300 and successfully build a base.
I don’t recommend scaling into long positions. It’s better to stick to swing trading. For example, if the market pulls back from around 73,300 today without breaking below the previous low, and the ultra-short-term and short-term indicators are bullish, you could go long for a swing trade. Of course, shorting around 74,800 is also a good option: the ultra-short-term indicators are bearish, while the short-term indicators are lagging, so there may be opportunities to trade the swings in both directions. That’s preferable to simply holding long positions and betting on a major uptrend.
At the moment, the mid-term indicators have not formed a bullish pattern and are lagging. It’s still too early to expect a sudden break above the 75,400 resistance level and the start of a choppy uptrend.
Also, based on the price movements of previous years, the current monthly indicators, viewed together with the weekly indicators, suggest the market could turn bullish at any time. But we should also guard against the possibility that, after the weekly KDJ forms a bottoming bend, it continues downward alongside a MACD death cross and falls below the zero line. As I’ve said before, as long as the price breaks below 75,000, there’s a chance of a sell-off. The probability is low, but we need to account for this risk. If a sell-off happens, then even if the weekly chart turns bullish later, it would be a rebound from a lower range—not from above 73,300—and the market’s volatility would reset. So I still recommend focusing on swing trades during this period, rather than deliberately scaling into long positions.
#行情分析📈 $BTC
