Is technical analysis important in cryptocurrencies? It is important.

Does technical always work? NO!

No Technical Analysis can explain Bitcoin's movements last night. With Elon Musk's shocking statements, the price of $BTC fell to $100,000. Afterward, it received a reaction and made a rising movement towards $104,000.

Today; Elon Musk and Trump will meet. If a positive statement comes after the meeting, the rise will continue. If harsh statements continue, we will see a decline.

We cannot explain this situation with technical analysis. We cannot explain it with logic either. The US markets and cryptocurrency markets are determining direction based on the statements of a few individuals.

Every statement from names like Elon Musk, Trump, Powell, etc., directly affects the markets.

Regardless of the outcome of today's meeting, we can say that Bitcoin is on an upward trend in the medium to long term. In an environment where large companies and institutions are buying $BTC and $ETH, do not be scared by illogical short-term movements...