BTC#3: Will Bitcoin continue to increase? What to do when you mi
🔥 🔥🔥 Plan BTC#2 Has gone as planned. Currently, the BTC price has surpassed the Key lever 1026xx. And is approaching the old peak. I will continue to plan to help everyone have a panoramic view to make trading decisions for themselves. 🔥 🔥🔥
1️⃣ **Fundamental analysis:**
📊 Information about Donald Trump's inauguration has contributed to promoting optimism for the electronic market.
🔴 In addition, the possibility of Trump announcing a strategic Bitcoin reserve will further boost the demand for BTC in the near future when other major countries will also launch corresponding strategies.
2️⃣ **Technical analysis:**
🔹 **Frame D**: You can see that BTC is still increasing very strongly. We still don't see any signs that the price line wants to adjust, which shows the very positive sentiment of the current market.
🔹 **H4 frame**: The bearish price structure has been broken as I analyzed in the previous article #2. Currently, the price has not had any correction. However, the price is also very close to the resistance zone above
🔹 **H1 frame**: There is not much difference compared to H4, it can be seen that although there are slight corrections, the price line is still showing that the bulls are still absolutely dominant
3️⃣ **Trading plan:**
⛔ Absolutely do not hold losses at this time. The price line increasing without signs of adjustment will further torture the trading psychology of traders trading against the trend. In addition, the price increases continuously without stopping will form a FOMO mentality for those who have missed the opportunity. However, if we set up a buy position here, it will be difficult for us to achieve the desired profit when the R:R ratio is too risky
✅ The current price zone is no longer suitable for setting up a position. My advice for you is to patiently wait for the next correction when the price returns to important support zones.
🚀 At the present time, if anyone has a good position in the 955xx area, we can completely wait for even greater profits.
💪 **Wish you successful trading!**
1️⃣ **Fundamental analysis:**
📊 Information about Donald Trump's inauguration has contributed to promoting optimism for the electronic market.
🔴 In addition, the possibility of Trump announcing a strategic Bitcoin reserve will further boost the demand for BTC in the near future when other major countries will also launch corresponding strategies.
2️⃣ **Technical analysis:**
🔹 **Frame D**: You can see that BTC is still increasing very strongly. We still don't see any signs that the price line wants to adjust, which shows the very positive sentiment of the current market.
🔹 **H4 frame**: The bearish price structure has been broken as I analyzed in the previous article #2. Currently, the price has not had any correction. However, the price is also very close to the resistance zone above
🔹 **H1 frame**: There is not much difference compared to H4, it can be seen that although there are slight corrections, the price line is still showing that the bulls are still absolutely dominant
3️⃣ **Trading plan:**
⛔ Absolutely do not hold losses at this time. The price line increasing without signs of adjustment will further torture the trading psychology of traders trading against the trend. In addition, the price increases continuously without stopping will form a FOMO mentality for those who have missed the opportunity. However, if we set up a buy position here, it will be difficult for us to achieve the desired profit when the R:R ratio is too risky
✅ The current price zone is no longer suitable for setting up a position. My advice for you is to patiently wait for the next correction when the price returns to important support zones.
🚀 At the present time, if anyone has a good position in the 955xx area, we can completely wait for even greater profits.
💪 **Wish you successful trading!**
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Are you new to the financial markets? Don’t worry! We are here to help you.
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