💎 💎 💎As analyzed in the previous article, 
BTCUSDT gave a bad price reaction when touching the old resistance area of 95~96x. The current price is SW in the triangle. Let's analyze the next plan BTCUSD : 💎 💎 💎
1️⃣ **Fundamental analysis:**
📊President Donald Trump signed an executive order to establish a Strategic Cryptocurrency Reserve that includes 200,000 BTC seized in criminal or civil cases. It will be held as a reserve asset and not sold. In addition, the Government will not purchase additional assets for the reserve.
🚀The Treasury and Commerce Departments may consider budget-neutral Bitcoin purchases. Agencies must provide full accounting books of digital assets to the Ministry of Finance. Regulatory crackdowns on crypto assets are ended
📌 From the above information, it can be seen that BTC and the top 5 coins in the market have been officially recognized as an asset. The legal framework will take time to complete. However, BTC will receive more attention and attention when the US government makes any purchase moves to hoard. This will lead to a huge demand for BTC in the near future.
2️⃣ **Technical analysis:**
🔹 **D Frame**: The price structure is still bearish, we have had a recovery phase to retest the resistance area and give a bad price reaction. It is entirely possible that BTC will go down to the support zone below
🔹 **H4 Frame**: We can see the price reaction more clearly. The continuous reaction of lower peaks in this area shows that the market sentiment is still dominated by the bears even though BTC has been recognized as a reserve asset.
🔹 **H1 frame**: The price is still SW in the triangle area in recent days. The price range is gradually narrowing as shown on the chart
3️⃣ **Trading plan:*
⛔ At the present time, it is no longer suitable to wait for a BUY position. The price has tested the resistance area and reacted badly, so there is a high possibility that there will be a correction below the support area below at any time.
✅ The top priority is to trade in accordance with the main trend in the SELL direction. Although the information about the Reserve Fund has given a positive response, the government not buying more assets for the reserve is also a sign that short-term cash flow will be difficult to push into BTC, especially when tariff policies are giving negative reactions to the economy.
💪 **Wishing you success in achieving profits!**
BTCUSDT gave a bad price reaction when touching the old resistance area of 95~96x. The current price is SW in the triangle. Let's analyze the next plan BTCUSD : 💎 💎 💎1️⃣ **Fundamental analysis:**
📊President Donald Trump signed an executive order to establish a Strategic Cryptocurrency Reserve that includes 200,000 BTC seized in criminal or civil cases. It will be held as a reserve asset and not sold. In addition, the Government will not purchase additional assets for the reserve.
🚀The Treasury and Commerce Departments may consider budget-neutral Bitcoin purchases. Agencies must provide full accounting books of digital assets to the Ministry of Finance. Regulatory crackdowns on crypto assets are ended
📌 From the above information, it can be seen that BTC and the top 5 coins in the market have been officially recognized as an asset. The legal framework will take time to complete. However, BTC will receive more attention and attention when the US government makes any purchase moves to hoard. This will lead to a huge demand for BTC in the near future.
2️⃣ **Technical analysis:**
🔹 **D Frame**: The price structure is still bearish, we have had a recovery phase to retest the resistance area and give a bad price reaction. It is entirely possible that BTC will go down to the support zone below
🔹 **H4 Frame**: We can see the price reaction more clearly. The continuous reaction of lower peaks in this area shows that the market sentiment is still dominated by the bears even though BTC has been recognized as a reserve asset.
🔹 **H1 frame**: The price is still SW in the triangle area in recent days. The price range is gradually narrowing as shown on the chart
3️⃣ **Trading plan:*
⛔ At the present time, it is no longer suitable to wait for a BUY position. The price has tested the resistance area and reacted badly, so there is a high possibility that there will be a correction below the support area below at any time.
✅ The top priority is to trade in accordance with the main trend in the SELL direction. Although the information about the Reserve Fund has given a positive response, the government not buying more assets for the reserve is also a sign that short-term cash flow will be difficult to push into BTC, especially when tariff policies are giving negative reactions to the economy.
💪 **Wishing you success in achieving profits!**
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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.