Technical analysis of Btc/Usd pair. Should I PANIC?)
A warm welcome to everyone!
A bit of fundamental:
The reason for the markets falling is attributed to the fact that Deepseek, a Chinese company of 200 people and a $6 million budget, created DeepSeek AI without having access to the latest Nvidia chips due to US sanctions.
Today DeepSeek AI overtook ChatGPT in the Chinese AppStore and can now compete with OpenAI, which caused bearish sentiment for the US stock market and Nvidia stock, and the market pulled down. Funny how this happened when most of us were asleep, isn't it?))
My thoughts:
“Gathered liquidity higher, now all that's left is to gather liquidity below ~100k$”. My words from three days ago. A continuation of the locally bearish momentum all the way down to 95-97k$ is quite possible.
There is strong support there and the upper triangle line, which was previously the strongest resistance. And as we know, the stronger the pattern, the more involved the play will be at this point. I suppose you realize that my current notes are intended for the local trend only. In the medium term, within the framework of the final diagonal triangle, as I wrote earlier, I expect the upward movement to continue.
A bit of fundamental:
The reason for the markets falling is attributed to the fact that Deepseek, a Chinese company of 200 people and a $6 million budget, created DeepSeek AI without having access to the latest Nvidia chips due to US sanctions.
Today DeepSeek AI overtook ChatGPT in the Chinese AppStore and can now compete with OpenAI, which caused bearish sentiment for the US stock market and Nvidia stock, and the market pulled down. Funny how this happened when most of us were asleep, isn't it?))
My thoughts:
“Gathered liquidity higher, now all that's left is to gather liquidity below ~100k$”. My words from three days ago. A continuation of the locally bearish momentum all the way down to 95-97k$ is quite possible.
There is strong support there and the upper triangle line, which was previously the strongest resistance. And as we know, the stronger the pattern, the more involved the play will be at this point. I suppose you realize that my current notes are intended for the local trend only. In the medium term, within the framework of the final diagonal triangle, as I wrote earlier, I expect the upward movement to continue.
Note
Rebound or deep correction?)
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The picture is very clear. The main growth will be after breaking through and fixing behind the ~105k zone. Before that, the same chatter (flat) as now will continue. I suppose that as well as with ether, we will see the denouement next week. The main targets at the moment after breaking through 112-115k$.
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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.