BTC#13: Market Shaking! Where is BTCUSDT Price?
💎 💎 💎 As predicted in the previous article, the price touched the H1 trendline zone and then had a correction back to the 96K support zone. Now we will continue to plan for BTC 💎 💎 💎
1️⃣ **Fundamental analysis:**
📊Maryland, the United States plans to establish a strategic Bitcoin reserve fund
🔹US non-farm payrolls increased by 143,000 in January, lower than expected;
🔹Trump plans to announce retaliatory tariffs as early as Friday
🚀 Interest rate futures traders expect the Fed to make another rate cut in May
📌 Overall, the current fundamentals are still supporting BTC's upside potential. However, market liquidity is still being affected by Trump's tariff policies and potential future trade wars from these policies
2️⃣ **Technical analysis:**
🔹 **D frame**: A long-tailed pinbar appeared when the price reached the 99K resistance zone. However, the 96K support zone is still doing its job well. For a clearer view, we will evaluate the smaller time frames
🔹 **H4 frame**: The bearish price structure is still intact with no signs of change.
🔹 **H1 frame**: Although the bearish price structure was broken, it immediately turned down. The price reaction at the current support area is weak.
3️⃣ **Trading plan:**
⛔ Looking at the multi-frame price structure, it can be seen that this is not a suitable time to establish a BUY position. Basic information from the market is also showing concern about the upcoming tariff policy. If there is a change in the price structure from H1, then this possibility should be considered.
✅ Trading with the trend is still the top priority, 2 pinbars in time frame D also show that the market sentiment is leaning towards the bears.
💪 **Good luck trading!**
1️⃣ **Fundamental analysis:**
📊Maryland, the United States plans to establish a strategic Bitcoin reserve fund
🔹US non-farm payrolls increased by 143,000 in January, lower than expected;
🔹Trump plans to announce retaliatory tariffs as early as Friday
🚀 Interest rate futures traders expect the Fed to make another rate cut in May
📌 Overall, the current fundamentals are still supporting BTC's upside potential. However, market liquidity is still being affected by Trump's tariff policies and potential future trade wars from these policies
2️⃣ **Technical analysis:**
🔹 **D frame**: A long-tailed pinbar appeared when the price reached the 99K resistance zone. However, the 96K support zone is still doing its job well. For a clearer view, we will evaluate the smaller time frames
🔹 **H4 frame**: The bearish price structure is still intact with no signs of change.
🔹 **H1 frame**: Although the bearish price structure was broken, it immediately turned down. The price reaction at the current support area is weak.
3️⃣ **Trading plan:**
⛔ Looking at the multi-frame price structure, it can be seen that this is not a suitable time to establish a BUY position. Basic information from the market is also showing concern about the upcoming tariff policy. If there is a change in the price structure from H1, then this possibility should be considered.
✅ Trading with the trend is still the top priority, 2 pinbars in time frame D also show that the market sentiment is leaning towards the bears.
💪 **Good luck trading!**
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