BTC#8: Read BTC price line and trading plan

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🔥 Let's plan for the next BTCUSD BTCUSDT 🔥
1️⃣ **Fundamental analysis:**
📊The Federal Reserve keeps interest rates unchanged
🚀Today is the expiration date of BTC futures
📌 US Senator Cynthia Lummis: will hold a public hearing on strategic Bitcoin reserves. This is important information. If BTC is accepted as a reserve asset. The cash flow into BTC will be huge in the near future.
2️⃣ **Technical analysis:**
🔹 **Frame D**: Once again, the price reacted in the 106xxx area. This test gives a weaker price reaction than the previous one.
🔹 **H4 frame**: The price has not surpassed 107xxx so it is not certain that BTC will break the peak.
🔹 **H1 frame**: The short-term price structure is still increasing. It is highly likely that the price will find the support zone below.
3️⃣ **Trading plan:**
⛔The price line has not completely escaped the SW zone, so if you participate in trading in this area, you must stick to the price structure.
✅ In my personal opinion, BTC will likely have another correction before it can break through the old peak. For the time being, we will wait for the price reaction at important support zones.
💪 **Wish you successful trading!**
📌 For any questions, please contact us directly. I am ready to answer you for free