BTC#15: BTC Bottomed Out or Still Falling? Detailed Plan
💎 💎 💎 So 
BTCUSD continues to return to the 96K support zone. However, the price reaction this time is different. We continue to plan for 
BTCUSDT 💎 💎 💎
1️⃣ Macro Perspective
🔹Oklahoma Bitcoin Reserve Bill: If passed, this could be a big step towards legitimizing Bitcoin as a reserve asset, especially in the context of the US's still hesitant attitude towards crypto.
🔹Former Treasury Secretary Summers warns of inflation: This means the Fed could keep interest rates high longer or even increase them again. High interest rate environments are generally not favorable for risky assets like crypto.
🔹Hong Kong confirms BTC & ETH as investment-proof assets: This is a bullish signal as it promotes legitimate investment flows into crypto.
2️⃣ BTC Technical Analysis
🔹 **D Frame** (Daily)
The bears control the SW (supply zone) area, which confirms the short-term downtrend.
Yesterday's candle closed strongly bearish, showing that selling pressure is still strong.
🔹 **H4 Frame**:
The price is retesting the support zone but the buying force is weakening, confirming that the market sentiment is no longer in favor of continuing to pump up.
It is likely that if BTC has a recovery, it will only be a recovery wave to create momentum to break the support zone below.
🔹 **H1 Frame**:
- The price returns to the downtrend channel → the SELL strategy has an advantage in the short term.
- The 94~96K zone may be broken soon, so it is necessary to monitor the price reaction when the price approaches this zone.
3️⃣ Trading strategy
✅ Priority plan: Look for SELL opportunities
Potential entry zone: 94K - 96K (there may be a slight rebound to clear stop loss before breaking down).
Target: 89K - 90K (next strong support).
Stop-loss: Above 97K (if the price breaks up strongly, the bearish scenario will be negated).
⛔ Do not prioritize BUY at this time
The market structure does not support the bulls.
If you want to BUY, you need to wait for a clearer reversal confirmation signal at the 89K support zone
💪 **Wishing you successful trading!**💪
BTCUSD continues to return to the 96K support zone. However, the price reaction this time is different. We continue to plan for BTCUSDT 💎 💎 💎1️⃣ Macro Perspective
🔹Oklahoma Bitcoin Reserve Bill: If passed, this could be a big step towards legitimizing Bitcoin as a reserve asset, especially in the context of the US's still hesitant attitude towards crypto.
🔹Former Treasury Secretary Summers warns of inflation: This means the Fed could keep interest rates high longer or even increase them again. High interest rate environments are generally not favorable for risky assets like crypto.
🔹Hong Kong confirms BTC & ETH as investment-proof assets: This is a bullish signal as it promotes legitimate investment flows into crypto.
2️⃣ BTC Technical Analysis
🔹 **D Frame** (Daily)
The bears control the SW (supply zone) area, which confirms the short-term downtrend.
Yesterday's candle closed strongly bearish, showing that selling pressure is still strong.
🔹 **H4 Frame**:
The price is retesting the support zone but the buying force is weakening, confirming that the market sentiment is no longer in favor of continuing to pump up.
It is likely that if BTC has a recovery, it will only be a recovery wave to create momentum to break the support zone below.
🔹 **H1 Frame**:
- The price returns to the downtrend channel → the SELL strategy has an advantage in the short term.
- The 94~96K zone may be broken soon, so it is necessary to monitor the price reaction when the price approaches this zone.
3️⃣ Trading strategy
✅ Priority plan: Look for SELL opportunities
Potential entry zone: 94K - 96K (there may be a slight rebound to clear stop loss before breaking down).
Target: 89K - 90K (next strong support).
Stop-loss: Above 97K (if the price breaks up strongly, the bearish scenario will be negated).
⛔ Do not prioritize BUY at this time
The market structure does not support the bulls.
If you want to BUY, you need to wait for a clearer reversal confirmation signal at the 89K support zone
💪 **Wishing you successful trading!**💪
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.
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.