🟡Update#BTC05.02

🟠Weekly T-F: BTC closed the inverted hammer candle above BTC's current peak area, showing that Asian selling pressure is quite good in the 44k area when it has not been able to break this resistance area.

🟠According to BTC psychology, it has gone from 15k to 44k, x3, so the psychology of funds and retailers wanting to close BTC in this area is quite high. The BTC sideway is from 40-44k in the 4k price I mentioned before.

🟠Daily T-F: BTC is being supported by EMA 34 with a slight and unclear bearish force and creating a bearish reversal and with the close of candle D below 42k5 BTC has confirmed the double top pattern.

➡️It is expected that this week BTC will drop back to the 41k5-41k8 zone to test some supply at this support. If this zone breaks, we will see BTC return to the 40k5 zone which is also a fair value gap zone.

🔗According to onchain data from Net Unrealized Profit/Loss, in this period BTC will have an adjustment period and there will be a bullrun for the entire market.

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