BTC#11: Will BTC rise or fall?. Market structure perspective

💎 💎 💎 Did you make a profit in post #10? Please share and comment your thoughts 💎 💎 💎
🔥After the Monday morning dump, we witnessed an amazing recovery of BTCUSD . Market sentiment has improved significantly. We continue to plan for BTCUSDT as follows:🔥

1️⃣ **Fundamental analysis:**
📊Data: Stablecoin on-chain trading volume decreased by 10.5% in January and legal CEX spot trading volume decreased by 18.2%
🔴According to Bybit CEO Ben Zhou, the total value of actual crypto liquidations is higher than $2 billion, he estimates this figure at around $8-10 billion.
🚀Donald Trump signed an executive order to establish a US national investment fund.
📌 In general, market liquidity is falling sharply, the loss after the recent correction has brought a cautious mentality to the majority of investors in the cryptocurrency market.

2️⃣ **Technical analysis:**
🔹 **D Frame**: Yesterday's D candle marked the amazing recovery of BTC. Currently, the price structure of frame D is still maintained as an increasing price structure.
🔹 **H4 Frame**: Gives us a different perspective. Although BTC has recovered, the price structure of frame H4 has not been broken. We will have to wait a while before seeing a more positive signal
🔹 **H1 Frame**: As you can see, BTC is still running in the downtrend channel. The KEY 977xx zone will play an important role in predicting the next direction

3️⃣ **Trading plan:**
⛔At the present time. Although the D candle is a positive sign, in the smaller time frame we still do not have a price structure confirming the recovery of the main trend. Whether placing a BUY or SELL order in this area is very dangerous because there is no confirmed price structure. You should wait to get the best trading position
✅ Based on my personal experience, I will wait for the price reaction in this 97K area. If a supportive price structure appears, we can have a good position following the main trend in the D frame.

💪 **Wish you successful trading!**
📌 For any questions, please contact us directly. I am ready to answer you for free