$BTC continues to make many doubt and suffer. What has happened in the market?
Let's leave aside the political and speculative issues and review the chart. 🤔
Weekly Analysis
Let's look at the whole forest, BTC is still within its bullish trend, which allows us to assure that the Bull Run is not over yet (as some indicate). We see a strong support at 73k - 74k. If it fell sharply and managed to pierce the 65k, it would break the bullish trend. Only then should we think that this stage is over.
Daily Analysis
BTC reached 77k and seems to be forming a support in this area, bouncing at this time to 82.5k. We expected it could fall to 74k (support zone). We are in a daily bearish trend since January 20 (ATH). It must exceed 90k - 92k to understand that we are back to an upward trend on a daily basis. The RSI does not show divergences and if a rebound for having fallen to almost oversold zone.
What do we expect?
Volatility in the short term at 77k and 88k.
Levels to watch:
🚀 88k - 90k: If it exceeds, we resume the bullish path.
👇 73k - 74k: Support break = fall deepens.
💥65k: First stage of Bull Run ends.
These are not tips, it is just my opinion.