BTC#12: Gathering signs from the price line

💎 💎 💎 Is plan #11 helping you make a profit?💎 💎 💎
🔥 As we analyzed the possibilities of BTCUSDT in the previous article, BTC temporarily entered the SW process. And here is the next plan for BTCUSD 🔥

1️⃣ **Fundamental analysis:**
📊 The Trump administration has taken the first step in loosening cryptocurrency regulations. The US SEC plans to reduce the cryptocurrency enforcement team
"eliminate excessive regulations" on digital assets.
🚀US senators from the state of Ohio have proposed a bill to establish a Bitcoin reserve fund and accept it as a form of payment.
📌The US sovereign wealth fund plan is expected to be implemented within 90 days

2️⃣ **Technical analysis:**
🔹 **D frame**: Looking at D frame, we can see that the downtrend is not over yet. If today's price surpasses yesterday's candle wick, we will see a more optimistic market situation.
🔹 **H4 frame**: The bearish price structure is not over yet. Currently, if the support zone of 96~97K is still waiting for evaluation
🔹 **H1 frame**: You can see that the price is close to the trendline. However, we are in a bearish price structure -> Don't rush to decide on this area.

3️⃣ **Trading plan:**
⛔As you can see on the chart, the downtrend has not been broken yet. We still need to wait for confirmation of the 96~97K area by the price structure. Be patient to wait for a better buying position and less risk
✅ Currently, finding a SELL position is in accordance with the price structure, but this price zone is not suitable for establishing a position. You can wait for the price to touch the larger trendline zone and consider the price reaction in that area to establish a position

💪 **Wish you successful trading!**