No technical analysis can explain Bitcoin's movements last night. With Elon Musk's shocking statements, the $BTC price fell to $100,000. Then, it received a reaction and made an upward movement towards $104,000.
Today; Elon Musk and Trump will meet. If a positive statement is made 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. US markets and cryptocurrency markets determine the direction depending on the statements of a few people.
Every statement by names such as Elon Musk, Trump, Powell etc. directly affects the markets. No matter what the result of today's meeting is; we can say that Bitcoin is on the rise in the medium and long term. In an environment where large companies and institutions are buying $BTC and $ETH , do not be afraid of short-term movements that are far from logic...
