$BTC continues to make many doubt and suffer. What has happened in the market?
Let's leave out political and speculative issues and review the chart. 🤔
Weekly Analysis
Let's look at the complete picture, BTC remains in its upward trend, which allows us to assert that the Bull Run is not over yet (as some indicate). We see strong support at 73k - 74k. If it were to fall sharply and break through 65k, it would break the upward trend. Only then should we think that this stage has ended.
Daily Analysis
BTC reached 77k and seems to be forming support in this area, bouncing back to 82.5k at this hour. We expected it could fall to 74k (support zone). We are in a downward trend on a daily basis since January 20 (ATH). It must exceed 90k - 92k to understand that we return to an upward trend on a daily basis. The RSI does not show divergences and is bouncing back from having fallen to almost oversold territory.
What do we expect?
Volatility in the short term at 77k and 88k.
Levels to watch:
🚀 88k - 90k: If it surpasses, we resume the upward path.
👇 73k - 74k: Break of support = deepening of the fall.
💥65k: Ends the first stage of the Bull Run.
These are not advice, just my opinion.
#WhaleAccumulation #BTC☀
Let's leave out political and speculative issues and review the chart. 🤔
Weekly Analysis
Let's look at the complete picture, BTC remains in its upward trend, which allows us to assert that the Bull Run is not over yet (as some indicate). We see strong support at 73k - 74k. If it were to fall sharply and break through 65k, it would break the upward trend. Only then should we think that this stage has ended.
Daily Analysis
BTC reached 77k and seems to be forming support in this area, bouncing back to 82.5k at this hour. We expected it could fall to 74k (support zone). We are in a downward trend on a daily basis since January 20 (ATH). It must exceed 90k - 92k to understand that we return to an upward trend on a daily basis. The RSI does not show divergences and is bouncing back from having fallen to almost oversold territory.
What do we expect?
Volatility in the short term at 77k and 88k.
Levels to watch:
🚀 88k - 90k: If it surpasses, we resume the upward path.
👇 73k - 74k: Break of support = deepening of the fall.
💥65k: Ends the first stage of the Bull Run.
These are not advice, just my opinion.
#WhaleAccumulation #BTC☀
