đ„ BTC ANALYSIS 07/10
đ„ On the W1 frame: The W1 candle that just closed is a bearish candle with a wide amplitude, the volume increased strongly, showing that the sellers have returned strongly. This candle appeared in the resistance zone (downward trendline), there was no candle shadow above it, showing that the buyers have lost momentum and cannot push the price higher. Therefore, BTC is likely to continue to decrease and adjust in the weekly frame.
đ„ On the D1 frame: After a sharp decrease from 66k to 60k, BTC had a strong recovery to 64k, however, it can be seen that the volume during this recovery period is very low, so the buying force may not be sustainable.
-> Therefore, in my opinion, BTC may pull up to the 65-66k zone and then continue to decrease to 58-60k in the near future.
đ„ Short-term trading idea: Wait for the sell signal to return (if BTC increases to 65-66k) to short BTC in the short term, expecting BTC to return to the 58-60k zone in the near future.
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