$ADA
Current Situation Analysis of Bitcoin (Sunday Morning)
The current situation can be described as "the calm before the storm." The price is fluctuating in a very tight range, pressing between support and resistance, which means it is preparing for a strong movement in one direction or another.
On the 4-hour timeframe (second image):
* Cautious Positive Signals: We see some signs of stability. The MACD indicator gave a weak positive crossover (below the zero line), and the RSI is hovering above the 50 level. These signals indicate that selling pressure has temporarily halted, but they do not confirm the start of an upward movement yet.
* Resistance is the Barrier: More importantly, the price is still completely stuck below the resistance wall formed by the moving averages at the $106,000 - $106,200 area.
On the daily timeframe (first image):
* The price is sticking to the critical support line EMA(25) at $105,560. This is the "battle line" now. Staying above it is positive, and breaking below it is negative.
* Yesterday's candle (Saturday) was very small, confirming the state of confusion and anticipation in the market.
What to do now?
The plan has not changed at all: We continue to wait and watch, and we do not make any reinforcement operations.
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