💎 💎 💎 After Trump posted about his plan to put BTC into the national cryptocurrency reserve, 
BTCUSDT BTCUSD had a meteoric rise back to 93~95x. Let's plan to trade BTC: 💎 💎 💎
1️⃣ **Fundamental Analysis:**
📊 The current market is dominated by “US crypto assets”.
🚀 Trump: Will put BTC into the national reserve, this will help the crypto sector break out. However, it is also important to note that the US lacks budget support and crypto reserves are just empty words at present.
📌 The probability of the Fed keeping interest rates unchanged in March is 93%.
It can be seen that the current cash flow injected into the market is not really significant because interest rates have not yet decreased and the US tariff policy is still waiting to cause an economic war. Current news plays a role in restraining the downward momentum and fear in the recent past.
2️⃣ **Technical analysis:**
🔹 **Frame D**: it can be seen that the price is looking for an important resistance area. Note that the current price structure is decreasing, so the price can still turn around at any time when it touches the diagonal resistance zone.
🔹 **Frame H4**: It is clear that yesterday's increase has not yet had any technical recovery to be able to break through the current resistance zone.
🔹 **Frame H1**: Temporarily, the price is still in an upward trend influenced by yesterday's positive news. The previously broken trendline will act as an important support for the price to break out in the near future
3️⃣ **Trading plan:*
⛔ The current area is no longer ideal for establishing a trading position, if the price still has no recovery, we can consider looking for a SELL position when the price reaches the diagonal resistance area when a price structure appears on a smaller time frame. BUY should only be made if the price recovers and accumulates in the old resistance area and an increasing price structure appears on a smaller time frame.
✅ On the D and H4 time frames, the price structure is still bearish, besides, H1 has increased strongly without any technical recovery due to the influence of positive news. So we can completely wait for a trading opportunity when the price finds an important resistance and support zone.
💪 **Wishing you success in achieving profits!**
BTCUSDT BTCUSD had a meteoric rise back to 93~95x. Let's plan to trade BTC: 💎 💎 💎1️⃣ **Fundamental Analysis:**
📊 The current market is dominated by “US crypto assets”.
🚀 Trump: Will put BTC into the national reserve, this will help the crypto sector break out. However, it is also important to note that the US lacks budget support and crypto reserves are just empty words at present.
📌 The probability of the Fed keeping interest rates unchanged in March is 93%.
It can be seen that the current cash flow injected into the market is not really significant because interest rates have not yet decreased and the US tariff policy is still waiting to cause an economic war. Current news plays a role in restraining the downward momentum and fear in the recent past.
2️⃣ **Technical analysis:**
🔹 **Frame D**: it can be seen that the price is looking for an important resistance area. Note that the current price structure is decreasing, so the price can still turn around at any time when it touches the diagonal resistance zone.
🔹 **Frame H4**: It is clear that yesterday's increase has not yet had any technical recovery to be able to break through the current resistance zone.
🔹 **Frame H1**: Temporarily, the price is still in an upward trend influenced by yesterday's positive news. The previously broken trendline will act as an important support for the price to break out in the near future
3️⃣ **Trading plan:*
⛔ The current area is no longer ideal for establishing a trading position, if the price still has no recovery, we can consider looking for a SELL position when the price reaches the diagonal resistance area when a price structure appears on a smaller time frame. BUY should only be made if the price recovers and accumulates in the old resistance area and an increasing price structure appears on a smaller time frame.
✅ On the D and H4 time frames, the price structure is still bearish, besides, H1 has increased strongly without any technical recovery due to the influence of positive news. So we can completely wait for a trading opportunity when the price finds an important resistance and support zone.
💪 **Wishing 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.