This is a general assessment, there are 2 clear analyses for BTC that I will reiterate a bit.
1. The 2-hour candle is still showing a steady downward structure, meaning (it may backtest the 115k area) about 50%
2. The 1D candle has confirmed an upward trend to the 123k area if BTC remains stable above 118k today 50%
This means the main trend is upward, but there could be a very quick flash sweep down to the 115k area; if you are not Long or Short, there is no need to pay attention to anything.
=> In the short term, there could still be a flash dump to buy spot
=> In the long term, it’s bullish because the 1D candle has confirmed an upward trend
The view remains bullish; many people focus too much on small candle frames and will not be able to hold spot. I analyze based on technical charts and news, not feelings, so the price will move as it does, and I will trade accordingly.
