My current analysis shows that **Bitcoin is in a bearish trend**, and price is moving down with selling pressure in the short term. However, the market may still move back up for a **retracement toward the previous high and important Fibonacci levels** before deciding the next big direction.
Key Points:
• Bearish Trend:
Bitcoin is currently making weaker price moves, which shows that sellers are still in control for now.
• Possible Retracement:
Price could move back up toward the **last high and Fibonacci levels**, where the market often reacts.
• Avoid Catching a Falling Knife:
Entering too early during a drop is risky. It’s better to wait for the market to show strength first.
• Safer Entry Level:
A possible safer entry would be above 68,222, which may show buyers coming back into the market.
• Current Macro Factors:
* Global markets are still uncertain.
* Interest rate decisions are affecting risk assets like crypto.
* Institutional money and ETF flows continue to influence Bitcoin moves.
• Risk Management:
Be patient and wait for confirmation before entering a trade.
Conclusion:
Bitcoin is still under pressure, but a move above 68,222 could signal a potential recovery. Always manage risk and follow your plan.
Key Points:
• Bearish Trend:
Bitcoin is currently making weaker price moves, which shows that sellers are still in control for now.
• Possible Retracement:
Price could move back up toward the **last high and Fibonacci levels**, where the market often reacts.
• Avoid Catching a Falling Knife:
Entering too early during a drop is risky. It’s better to wait for the market to show strength first.
• Safer Entry Level:
A possible safer entry would be above 68,222, which may show buyers coming back into the market.
• Current Macro Factors:
* Global markets are still uncertain.
* Interest rate decisions are affecting risk assets like crypto.
* Institutional money and ETF flows continue to influence Bitcoin moves.
• Risk Management:
Be patient and wait for confirmation before entering a trade.
Conclusion:
Bitcoin is still under pressure, but a move above 68,222 could signal a potential recovery. Always manage risk and follow your plan.
Trade fermée: cible de profit atteinte
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.