Trade war, paid for by the cryptocurrency community!
DeepSeek attacked Wall Street first, and Trump imposed tariffs on many countries later. Affected by these news, Bitcoin fell by 16.75% during the Spring Festival. The holiday red envelopes were not received, and more than 700,000 people were killed.
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Technically, the weekly level of "CharlesK7 sell point" warning appeared on January 27, and the sell point signal was confirmed on February 3.
The 4-hour level trend indicator "CharlesK7 Trend" fell below 10.22k at 16:00 on February 1 and turned into a bearish trend.
The daily level is still bullish as of now (need to be confirmed at 8 am tomorrow).
It fell below the low of 97.777k on January 27, and the daily level has seen the second sell of the entanglement theory, and the downward line segment has been established.
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Today, BTC temporarily stopped falling near the resonance support of ICT 1D OB and 4h FVG. In summary, it is expected that there is a high probability of wide fluctuations in the near future, and short-term speculation is still possible.
February 3, 2025 by CharlesK7
