BTCUSDT - The condition for the continuation of the upward trendToday I am here with another analysis. Thank God, so far, about 85% of the analyses I have presented on the Trading View platform have reached their goal, and I expect that with your support and introducing this page to your friends, I will be able to focus on newer analyses with more energy.
So let's move on to Bitcoin analysis.
Before this analysis, I had published several other analyses about Bitcoin, one of which is still open and I am waiting for it to reach its goal, which you can see on the right side of this article.
But this analysis is from another perspective on Bitcoin conditions.
Maybe my opinion is a further decline in price, but this market is a market of possibilities. It is possible that the impact of a piece of news will shock the market so much that the price can move strongly upwards. So, in the current economic conditions and Trump's presidency, everything is possible!
But technically, my view is still more decline, but what technical conditions make us say that Bitcoin will continue its upward trend and will no longer make a new high?
Everything is clearly marked on the chart. For Bitcoin to have a shift structure, it needs to break $94,416.46 on the higher timeframe, even with a shadow. Then we can think about buying with more certainty, but in this situation, I think it is risky to buy blindly and wait for the price to rise immediately.
If you are buying in spot (not futures) and you intend to buy in the medium to long term, I think buying steps can be very good even in this price range and lower. But if you are buying and selling in futures (which I do not recommend at all), you should look for a point with high probability.
My personal opinion and my view is more of a price drop, but this does not mean that the bull cycle is over because we have not yet seen signs of a bear market on higher timeframes such as weekly and monthly.
I hope you enjoyed this analysis
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