Good morning☀️

After a volume-less and calm weekend, #Bitcoin and altcoins started the new week with a negative opening.

As U.S. futures opened high at night and began to pull back, the cryptocurrency side couldn't hold up due to the high correlation.

$BTC closed below the trend line that we have been following since around $75k. Losing this trend line was somewhat negative, but the upward trend has not been completely broken.

For the upward trend to be broken, the price needs to dip below the last low. Our last low support is $112k. Therefore, we can say that as long as the price does not fall below this level, the upward trend will continue.

From time to time, we see that the trend line is broken and the price regains the trend line after a while. This is actually because the price has not made a new low and the trend has not actually been broken.

To avoid such misconceptions, we always track the HH-HL structure while following the trend. In the current situation, I do not see any significant reason for a decline.

That is why, as I mentioned before, I believe the current outlook is positive as long as $112k is maintained, and I continue all transactions.

Since the correlation with the U.S. stock markets is very high, we can say that Bitcoin directly follows the U.S. stock markets. Therefore, we definitely need to closely monitor the U.S. stock markets to understand the direction. I have been constantly mentioning this lately, but I wanted to remind you once again.

There are many important data to be announced this week. It will be an active week, and I will be updating frequently, friends.

I wish everyone a great week and abundant profits.