📝 Opinion: #bitcoin is near important support zones, such as MA50 on the weekly chart and MA200 on the daily chart — they are key indicators of a bull market.
Moreover, when the price reached the 50MA, it was the best moment to buy Bitcoin, as it was followed by growth (starting in March 2023). Therefore, if the market provides an opportunity to test this moving average, I will open a long position.
Conclusion: we are monitoring MA200 on the daily chart and MA50 on the weekly. All attention on them. We are still in a bullish trend, and this is just a correction. No panic!
🔖 Comments: On the positive side — Bitcoin covered the weekly and daily candle shadow. Additionally, the price bounced off the orange line 'Safety Trade' and reacted from 200MA. $BTC
On the negative side — we are still below the 'Trap Line' indicator, and volatile days await us (Trump).