Combining BTC's latest K-line trend, Zen theory and macroeconomic news, the following market trend forecast for the next 7 days can be analyzed: $BTC
1. Technical analysis and K-line trend
• Support and resistance: BTC is currently fluctuating above $70,000. If it can stabilize above $70,000, the upward trend may continue. The next key resistance level is around $75,000. If it can break through this point, it may be expected to test a higher range.
• Zen theory perspective: According to Zen theory's concept of "trend pullback and continuation", if the price pullback does not break the current support in the short term, the upward trend may continue. In Zen theory's K-line analysis, if there are "three consecutive positives" or strong multi-party signals, it usually means that the probability of rising increases; on the contrary, if there are obvious selling pressure signals or long upper shadows, adjustments may be made.
2. Impact of macroeconomic news
• Fed policy: This week, the market is paying close attention to the direction of the Fed's policy. If the interest rate policy remains stable or hints at a future rate cut, it may be good for Bitcoin, as it is seen as a safe-haven asset. At the same time, global concerns about inflation and the trend of de-dollarization have increased the appeal of Bitcoin.
• Geopolitics and capital inflows: The instability of the geopolitical situation has driven investors' demand for digital assets such as Bitcoin. In particular, on a global scale, capital inflows from institutional investors and potential approval of ETFs will bring strong market support.
3. Possible trend forecast for the next 7 days
• Higher probability of upward movement: With market sentiment and macro news being positive, if BTC can stabilize above key support levels, it may continue to rise, with a target of $75,000 or even higher.
• Volatility risk: However, the market is still facing volatility, especially the recent uptrend may lead to short-term profit-taking, triggering a small correction. Therefore, investors are advised to pay attention to the support of $70,000, and if it falls below, it may further drop to around $65,000.
Overall, Bitcoin may show an upward trend after a slight correction in the next 7 days, but we need to pay close attention to changes in macroeconomic policies and market sentiment. $BTC