Update $BTC March 18:
- The H1 frame has a large buying force appearing in the 44.5-45k area and RSI appears to have a bottom divergence, helping BTC have a slight recovery followed by altcoins, some $Sol altcoins even have growth. strong.
- Frame W has closed with a snipping top, this is not really good for BTC in the next 1-2 weeks, we need to observe more to be able to determine a clear trend of BTC.
→ Temporarily, I will offer 2 plans for BTC in the short term:
(A): BTC will retest the lower wick of the W candle (63-64k area) before rebounding (can drop the wick to the 59k area). I'm leaning more towards this possibility. The market will be able to sweep up quite a bit of liquidity from the long side and there will be a pretty strong shakeout phase.
(B): If BTC can break through 70k with an H4 tree with strong buying force, there is a high possibility that BTC will return to an uptrend and the price level of 64k5 will be the bottom of this adjustment period.
👉 This is the plan I came up with based on personal experience to prepare yourself with reasonable options for the market. You should only refer and prepare your account in every possible situation.
