Let's talk about the current market and BTC trends.



The situation of this war is getting more and more intense, and everyone can imagine that the capital market must be in turmoil. At times like this, it's best to stay away if you can. Trading is not like a sprint race that ends in an instant; it's more like a marathon, and it takes time.

Let's talk about the situation of BTC:

- Weekly level: Keep an eye on those lows to see if they will be taken over by bears again, and the area where the buying power is unbalanced, will it be broken down? If it breaks down, the situation may not be very good.
- Daily level: If the price breaks below 101,600 USD, it means that the bullish state at the daily level has changed, and a series of downward movements may occur. If the bears take control, when the price reaches 105,000 USD, the daily level may continue to decline unless the price stops falling and forms a possible order block, in which case the situation may change. Looking at the VWAP indicator or the 200-day moving average, combined with a fixed range, the range of 97,000 - 95,000 USD is considered a relatively strong support level.
I won't rush to go long when the price is still unclear. I need to wait for the price to move a bit more, give me some signals. Only when I see the price trend starting to strengthen will I consider making a buy. Anyway, from the monthly chart perspective, the long-term bearish trend can only be confirmed if the price breaks below 82300 USD. Whenever a bear market starts, there will definitely be changes in market structure and trend states, that's for sure. For now, I will just watch and see. Although the price may correct for a while, I don't think we can say that we've reached a major top just yet.
BTC-0,86%
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