If I'm going to trade BTC i will pay attention to the market capitalization. It is the total amount of BTC in circulation. In other words, the total amount of BTC currently being hold by HODLERS.
The 69,000 level all-time high of BTC had a market cap of 1.27T usd, then price went to 16,000 level reducing the market cap to 329B usd.
In this week (Feb 10-17,...
Bias for short:
Break of structure
Support became resistance
4H Supply zone
Strong momentum to the downside
Weak momentum to the upside (Price movement is choppy as it goes up)
