Analysis $BTC 2/8 :

- D1 Frame: BTC continued to decrease sharply from 116xxx-112xxx yesterday. In this phase, I warned everyone at the end of the day to exit and hold a better position as no short trades could be taken.

Chart D is still in a downtrend and pulling larger timeframes down very quickly.

Support: 111000-111500

Resistance: 115000

- D3 Frame: today also opens the D3 candle. The D3 candle has transitioned into a rather poor downtrend. The hard support area at 111500 suggests that BTC will likely swing around the 111-115k range to continue accumulating.

- W Frame: still in an uptrend. Not too bad yet. The hard support area at 111500 is unlikely to be surpassed this week.

=> Analysis:

- BTC is accumulating in the lower price range around 110-115. This is the area for everyone to add more rather than selling, as the long-term uptrend view has not yet been affected.

- Detailed plan will be updated in the TL.

Wish everyone good luck!