Update on BTC current developments and a little additional analysis:
Frame D1
• BTC is currently touching a strong resistance zone of 93k.
• If this zone is broken, BTC could retreat to the 89-90k range.
• In the short term, it is highly likely that BTC will fluctuate within the range of 89-94k.
• If it breaks the 88k zone, there is a risk of opening up a stronger downtrend.
Frame D4
• The current red column in frame D4 is very noteworthy, indicating a clear reversal signal.
• The current candle needs another two days to complete.
• If BTC does not close the candle above the 95k zone, it is highly likely that frame D4 will continue a downtrend.
• This is a short-term warning signal, but further monitoring is needed for confirmation.
Frame W1
• The downtrend in frame W1 is becoming clearer.
• The 89-90k zone is expected to be a strong support bottom. However, if it breaks, BTC could adjust deeper, to the 80-85k range.
• This could be a point confirming the long-term downtrend if the support zone cannot hold.
Proposed strategy
• Accumulation: This could be an opportunity to gather altcoins if BTC holds the 89-90k zone.
• DCA (Dollar-Cost Averaging): Gradually accumulate funds from the price range of 93-95k, preparing mentally for deeper drops to DCA more.
• Stay calm: The adjustment phase often creates panic, but it is also an opportunity. Don't let emotions control you and miss the chance.
Hope this analysis helps you gain a clearer perspective. Wish you effective trading!