$BTC – A gentle perspective on the D1 frame 📉
Looking back at the BTC daily chart, it can be seen that the market is telling a fairly clear story:
- After reaching a peak around 126k, BTC continuously shows bearish wicks at resistance areas → selling pressure is always waiting when the price retraces.
- The price is currently below important MA lines (short MA, medium MA, and long MA), indicating that the medium-term trend is still leaning towards a decrease.
- Recent retracements are mainly technical pullbacks, not strong enough to break the bearish structure.
The current price range around 88k is playing a short-term support role, but the price reaction is quite weak, and the volume does not indicate strong inflows.
📌 Understandable scenario:
- If $BTC does not reclaim the upper MA range, any retracements should only be seen as opportunities to observe, not yet rushing to expect a reversal.
- In the event of breaking the current support, the lower range (old bottom area) will be where the market seeks to regain balance.
- On the contrary, to feel more secure for the buyers, BTC needs to close a strong daily candle above the MA lines, especially the medium-term MA.
🧠 Appropriate mindset at this time:
- No FOMO, no guessing the bottom. The market is slowing down, prioritizing risk management, reducing leverage, and waiting for clearer signals.
- Crypto doesn’t always require action. Sometimes, standing still and observing is also a correct decision.
Personal view: $BTC will have a rally before Xmas 🎅
