Hello, hello! Welcome to the exclusive channel of the new crypto UP host—Little White! Here, I will bring you free 'live random analysis' every day. Please don't take it seriously, it's purely for entertainment (disclaimer). If my predictions match yours, it’s purely coincidental (dog emoji).
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First, let's look at the Bitcoin weekly chart:
Looking at the data, it gives a feeling that there might be a drop. Last week saw a significant increase in volume but didn't rise much, with price wicks up and down. The market's bullish and bearish confrontation is intense, but the bulls still won.
The MACD just opened with solid green, indicating a possible reversal, and after continuously being overbought for 5 weeks, it feels like there is a need for a pullback.
Of course, confirming the direction on a larger timeframe takes too long. If there’s a big rise in the last few days of this week, everything might be fine. We should still look for opportunities in smaller timeframes:
Now, let’s look at the daily chart:
All the horizontal line prices are important support and resistance levels from the previous period. If it falls below 990, it will return to the fluctuation range, and if it falls below 947, a major pullback will begin.
Next, let’s look at the 15-minute chart (because it's quite obvious):
Over the weekend, there were two days of back-and-forth fluctuations between 989 and 1004. If it falls below 989–990, it will likely drop to around 970 to confirm support.
The current trend is basically obvious:
Place the short stop loss at 1005. If it falls below 990, watch for 970. At 970, you can consider a short-term long position (best to observe in real trading). Strong support below is around 902–908, where you can take partial profit on your short position.
The morning trading idea analysis is complete. What do you think, dear viewers? Feel free to discuss in the comments. Here is your little white, providing daily free random analysis (heart emoji).