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Technical Analysis: $BTC Bitcoin is sandwiched between two major levels, the monthly open and the weekly open. Above the monthly we have a clear breakout with clear skies up to 86-88k. Below the weekly open, we could see a breakdown that brings us to new lows. Though currently it feels like both are very dependent on either positive or negative news. Follow today's daily watchlist triggers for a move in either direction.
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Wednesday registered the third best day in stock market history, with Bitcoin rising close to 12% from the lows so far. This came after Trump set all reciprocal tariffs to 10% for the next 90 days, yet China's tariffs were upped to 125%. This created immense volatility and caught up the recent losses from earlier this week. Volatility should continue, this should make for a good day trading environment. Not too sure if this move up holds, or if there is anything in store left for markets to go through. So I will continue sitting it out as I prepare for my next major positioning over the next week. Will elaborate on tomorrow's post. Have a good day and trade carefully!!!
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$BTC Technical Analysis Market continuing to look heavy here, so I will focus on Bitcoin for whatever flush happens. I still think we are waiting on such a move. I have a few levels marked below, such as the $71400 level and other levels just above. I think that these could be good for limits to be set. I am also waiting on more clarity from global markets. We aren't seeing the best of signs right now. Longs are not to be considered until conditions improve. Will continue to follow the weekly watchlist plan.
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#BTCvsMarkets More volatility on Monday as market was headed into NY session. Crypto hit a major low at 3am EST as $BTC hit 74k and $ETH 1400. This has continued the major correction we've been in, but we have yet to see a liquidation wick pop up. We did see fake news during New York session, which pumped the markets by 7-8%, this was mostly retraced. We could see more volatility today, hence why I will keep waiting for new developments. Every day is a new rollercoaster, gotta be careful out there. Have a good day and trade carefully!!
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