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BTCUSDT BTC's decline has somewhat slowed down in recent days with a recovery from 78k. We will plan for BTCUSD next 💎 💎 💎
1️⃣ **Fundamental Analysis:**
📊 The Fear and Greed Index dropped to 30 today, and the level is still fear
🚀 Cumulative net inflows into US spot Bitcoin ETFs have dropped to their lowest level since January 2
📌 The market is still in a pessimistic phase about BTC's bullish outlook. The outflow of money from the market is not only due to BTC's decline but also due to concerns about an economic recession due to Trump's unstable policies.
2️⃣ **Technical analysis:**
🔹 **D frame**: BTC's downtrend has shown signs of slowing down, but the main trend in frame D is still down. We will still need to wait for the price reaction in the resistance area to confirm.
🔹 **H4 frame**: The price trend is still down. The price reaction in the support area of 78K is not as strong as before, showing that market sentiment is still leaning towards the bears.
🔹 **H1 frame**: we are in a short-term correction. The target for this correction is the resistance area of 88-91K as you can see on the chart
3️⃣ **Trading plan:*
As you can see from the multi-frame perspective, the main trend is still down, but we are in a short-term correction. We can choose to wait for the price to return to the resistance area to trade in line with the main trend or if the price has a slight recovery, set up BUY to seek profit. However, because the main trend is down, we need to stop loss fully and not be greedy when the price hits resistance because the price can return to the main trend at any time.
💪 **Wish you success in achieving profits!**
BTCUSDT BTC's decline has somewhat slowed down in recent days with a recovery from 78k. We will plan for BTCUSD next 💎 💎 💎1️⃣ **Fundamental Analysis:**
📊 The Fear and Greed Index dropped to 30 today, and the level is still fear
🚀 Cumulative net inflows into US spot Bitcoin ETFs have dropped to their lowest level since January 2
📌 The market is still in a pessimistic phase about BTC's bullish outlook. The outflow of money from the market is not only due to BTC's decline but also due to concerns about an economic recession due to Trump's unstable policies.
2️⃣ **Technical analysis:**
🔹 **D frame**: BTC's downtrend has shown signs of slowing down, but the main trend in frame D is still down. We will still need to wait for the price reaction in the resistance area to confirm.
🔹 **H4 frame**: The price trend is still down. The price reaction in the support area of 78K is not as strong as before, showing that market sentiment is still leaning towards the bears.
🔹 **H1 frame**: we are in a short-term correction. The target for this correction is the resistance area of 88-91K as you can see on the chart
3️⃣ **Trading plan:*
As you can see from the multi-frame perspective, the main trend is still down, but we are in a short-term correction. We can choose to wait for the price to return to the resistance area to trade in line with the main trend or if the price has a slight recovery, set up BUY to seek profit. However, because the main trend is down, we need to stop loss fully and not be greedy when the price hits resistance because the price can return to the main trend at any time.
💪 **Wish you success in achieving profits!**
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.