๐จ Crypto Market Evaluation โ Next Trend Forecast
$BTC ๐จ
Overview of Trends
๐ BTC has just closed above the EMA200, but this is only temporary support. The likelihood of a strong price increase from here is very low. Waiting to test the lower range next week.
โ ๏ธ Wyckoff Structure - Distribution
- Weekly frame: The market is still in the Wyckoff distribution structure.
- Expected scenario: price retraces to ~81โ84k, then look for short entry.
- However, selling pressure still dominates, and one should be cautious with the weekly candle as it remains negative.
๐ Daily Frame
Reversal candles but price is still below the important EMA. Nearest resistance: ~78k.
โ๏ธ H4 Frame - Consolidation Zone
Do not trade in this zone; it is currently a contested area. Wait for a clear breakout (close above the EMA zone) before entering a position.
๐ป Safe Short Conditions
Break 68k โ Strong downtrend, may fall to 66kโ64k. Do not FOMO long.
๐ Indicators & Other Factors
CME Gap: There is still a gap above (89kโ91k).
Fear & Greed: 14 โ The market is still very fearful.
๐ฅ Gold & Silver
Gold: Maintains an upward trend, do not sell.
Silver: High volatility, high risk.
๐ฐ This Week's News
CPI on Friday, NFP and labor data may have short-term impacts.
๐ฏ Conclusion
Current zone: Temporary support.
Wait for a breakout of MA to long, lose 68k to short.
Prioritize observation, patience, and capital preservation.
#PhanTichKyThuat #GoldSilverRally #DirectionalForecast