1D candle update $BTC

Looking back at the indicators:

- MACD is positive, moving sideways but has not crossed upwards yet, Histogram is still red and has not turned green

- RSI 57 is in the neutral zone

- Average volume, OI has decreased sharply, funding has decreased

Looking back at the cash flow:

- BTC is continuously leaving the exchange, but the cash inflow is also weak, not minting much more, and mainly allocating to altcoins

The price is above Midboll - 116.6 Important support points to develop the second bullish cycle (the first at 107)

Important EMA lines are stacking at the 115.8-116.0 mark creating the second important support point

Personal opinion:

- The 1D frame has closed a candle above midboll, signaling that the price frame may be ready to activate an increase. However, buying power is still quite weak and needs to test the 116 frame again to ensure there is no further selling pressure here before continuing to push the price.

- If in the next few days at 115.8 -116.6 it still does not break, the price will start to bounce and the first next target will be at 112.6 = UP BOLL

- If it breaks 115.8 the price will switch and the downtrend towards ema50 will take a long time to continue accumulating

Entry is available! If anyone wants to play, go ahead, if not, just watch! Playing without stop-loss is not advisable!

P.S.

*This article is a self-assessment written by myself, with no intervention from AI