Bitcoin is consolidating, but within the framework of a correction. This phase may last for a long time, as the market awaits Trump’s inauguration and the actions of politicians. Disappointment may lead to a deeper correction, for example to 70 km, and positive preconditions will become an elevator engine.
Scenario: The price has no direction, the market is neutral, in consolidation, but globally we have an uptrend.
Since we have no direction, we can trade from its borders.
It is worth noting the 92,000 and 100,000 merge limits.
Idea: Based on this, the price is now heading towards resistance, and there is no reason to break it. We are waiting for a false breakout and a further drop to 92,000.
Bitcoin is consolidating, but within a correction. This phase could last a long time, as the market awaits Trump's inauguration and the actions of politicians. Disappointment could lead to a deeper correction, for example, to 70 kilometers, and the positive preconditions will become an elevator driver.
Scenario: The price has no direction, the market is neutral, in consolidation, but globally we have an uptrend.
Since we have no direction, we can trade from its borders.
It is worth noting the 92,000 and 100,000 merge limits.
Idea: Based on this, the price is now heading towards resistance, and there is no reason to break it. We are waiting for a false breakout and a further drop to 92,000.
Bitcoin is consolidating, but within a correction. This phase could last a long time, as the market awaits Trump's inauguration and the actions of politicians. Disappointment could lead to a deeper correction, for example, to 70 kilometers, and the positive preconditions will become an elevator driver.
Scenario: The price has no direction, the market is neutral, in consolidation, but globally we have an uptrend.
Since we have no direction, we can trade from its borders.
It is worth noting the 92,000 and 100,000 merge limits.
Idea: Based on this, the price is now heading towards resistance, and there is no reason to break it. We are waiting for a false breakout and a further drop to 92,000.