BTC#10: BTC Adjusts as Analyzed. What's Next!!!

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🔥So BTCUSD BTCUSDT adjusted as analyzed in the previous post. Although there is no information, you can see that the price line reflects many signs, right? :)) . Now let's plan the next step:🔥

1️⃣ **Fundamental analysis:**
📊Trump's tax hike causes traders to seek safety, the crypto market plummets
🔴The US dollar skyrocketed after Donald Trump's tax announcement, pushing many currencies to multi-year lows. This point is believed to be the main reason for the market's lack of liquidity, causing the recent sharp decline
🚀Utah could become the first US state to establish a Bitcoin reserve fund, as the state only has 45 days to decide. The recently passed bill would allow public money to be invested in Bitcoin and other approved cryptocurrencies.
📌 Over $2 billion was liquidated, including $1.8 billion in long positions, as Bitcoin fell from $101,000 to below $92,000.

2️⃣ **Technical Analysis:**
🔹 **D Frame**: Price is still supported at the 91K area, however today's candle close will determine whether this support zone is broken or not
🔹 **H4 Frame**: The bearish structure is easy to recognize. However, the candle pattern is still very bad and there is no positive signal yet.
🔹 **H1 Frame**: The price structure is bearish and there is no reversal signal yet. We will have to wait a long time for the price structure to form before there is a change in trend
3️⃣ **Trading plan:**
⛔The current price structure is absolutely supportive of the bears, so we should not rush to catch the bottom of the support zone. The signs from previous tests are not very positive. We will have to wait for today's D candle to end to see the value of this support zone.
✅ Prioritize finding selling positions in the current area. Tax policy information is not something that can be changed. In the short term, there is no information strong enough to support the cryptocurrency market in general and bitcoin in particular. The lack of liquidity due to tax policy will keep BTC in a correction wave in the near future.

💪 **Wish you successful trading!**
📌 For any questions, please contact directly. I am ready to answer you for free