BTC#16: Price reaction has changed positively.BTC break out SW?💎 💎 💎 In recent days, although important data information has been released, BTC is still in the Sideway zone and there are some positive signs. We continue to plan the next 💎 💎 💎
1️⃣ **Fundamental analysis:**
📊 Financial report, Fed Logan said that if the labor market remains strong, better inflation data does not necessarily mean the Fed can cut interest rates. Inflation data in the next few months will be very important; also pay attention to changes in geopolitics and policies; the impact of these factors on the economy is being closely monitored.
🚀 GameStop is considering investing in Bitcoin and other cryptocurrencies.
Three sources said GameStop is exploring investing in alternative assets, including cryptocurrencies, especially Bitcoin. GameStop shares rose nearly 20% in after-hours trading following the news.
2️⃣ **Technical analysis:**
🔹 **D Frame**: We can see that although the price has not yet escaped the Sideway zone, the continuous appearance of higher lows is a positive signal to pay attention to.
🔹 **H4 Frame**: After the price reaction at 94x, although the 97x zone has not been penetrated, the price reaction in this area is giving positive signals
🔹 **H1 Frame**: The price structure has a change from bearish to bullish. If the trendline area continues to hold, there is a high possibility that the bulls will continue to dominate next week.
3️⃣ **Trading plan:*
⛔ The economic data released last week brought many fluctuations to the US dollar, but the price of BTC still did not have any significant changes. However, with the current price reaction, we should not apply the trading strategy in the SW price zone anymore. The 2 price zones have been tested quite a lot. This is a sign of an upcoming strong fluctuation
✅ The short-term price structure is in favor of the bulls. We can consider looking for a position if the price structure shows signs.
💪 **Good luck trading!**
