Analysis $BTC 07/01/2025
#BTC, I know it was a boring price action and it once again delays us in the rise that we should have in January, but that will not stop us from rising and having a good bull run.
We needed a retest at least in the blue band above where there is a circle, and that is what we were getting, but with today's economic data showing that the FED may continue to be cautious in further interest rate cuts, the market hated this and intensified the fall even more.
This region of the current blue band on the chart, around $96/98K
should act as a support since we have the EMA200 (4h) just below the current price and should slow down this fall, but if we don't have a reaction from the BULLS in the next 4h, then we can put $92K on the table, the ideal here is that we don't have to go that low, let's wait the next 4h before kicking the table.
The next 4h candle will be decisive and we won't need the daily closing, so... stay tuned if you're trading futures.
You can get upset and frustrated sometimes, and it's okay to get tired of this delay from time to time... but you know what you can't do? GIVE UP, no matter how much you want to... DON'T GIVE UP and keep going.
Tomorrow we will have even more important data, since we had a terrible scenario with today's data, so there's no point in getting frustrated with today's price, close the charts and come back later.
Several good #altcoin with strong graphics, focus on them!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
