🪙 #BTC

⭐️CME opened the new week with the formation of a gap in the range of 42.5K - 42K. This suggests that this zone could act as a magnet for the price, but it's not a mandatory condition. A similar gap exists in the range of 39.3K - 40.3K and has not closed for over two weeks.

❗️On the negative side, as mentioned yesterday, the weekend dynamics were not the best, and unfortunately, the daily trendline and MA100 were breached downwards. This is not the best signal for further price movement! Speaking candidly, I got stopped out of my BTC long position, but I managed all the risks and was prepared for such a move. In the overall transaction statistics, there's nothing critical, just a small loss.

A short-term descending trendline has formed on the chart, pushing the price lower towards 40K. We will see how buyers react around the correction zone, but if the descending trendline cannot be broken, we may eventually undergo a deeper correction to 38K.

I'm also observing the need for a retest of the broken daily ascending trendline, where it will be clearer about the future price movement.

Bitcoin Dominance: 53.17%;

Fear and Greed Index: 65 (Greed);

Altcoin Season Index: 55;

Market Capitalization: $1.513 trillion.