Good morning☀️

#Bitcoin maintained a horizontal movement around $113k throughout the week.

A horizontal trend formed in the range of $112k - $123k. Since $BTC has been consolidating in this range, it has been progressing without volume despite being a week long.

For the market to be able to move, we must break out of this horizontal range. As long as we remain in this horizontal range, a lack of volume and uncertainty will prevail.

Since the price has moved horizontally, the data has started to weaken. This week there has been a continuous outflow from ETFs, and whale activity has dropped to zero.

The last price was also moving horizontally in the range of $100k-$112k when the data had turned negative, but since the trend was not broken, the rise continued rapidly.

In horizontal markets, data can give erroneous results. Therefore, it is sufficient to follow only the main trend and open trades accordingly.

As I mentioned before, $112k is our trend support, and as long as this support is maintained, the upward trend will continue, friends.

I wish everyone a wonderful day and plenty of profits.