Technical analysis by otantikripto about Symbol BTC on 6/23/2021

Hello friends, when we look at the general situation of BTC in recent days, it broke the strong support at 34,600 and hit its first stop, 33k. We said that 30k would come to the agenda with the break of this level. In the daily chart, it broke below the 30k support, which is still an important support for me, to the 28,600 level. At this point, are we bearish? Or are we accumulating? There were two important data that I followed to be able to answer the question. 1- Whether it closed the daily candle below 30k. 2- Volume data formed during the decline or rise. When we look at our first data, we see that it closed above 30k as a result of buying at 28,600. When we look at our other data, we can see that the volume has increased significantly, that is, there are heavy buyers at 28k. In this table, I cannot say that we are in the bear season. In addition to 30k being a good resistance in technical terms, it was also an important psychological limit. Despite falling below this level, the dominance of buyers is a positive situation for me. So when we think about why there was buyer pressure at 28k, Bitcoin was stuck at resistance when it reached 42k levels on January 10, 2021 and its decline began. The point where this decline turned was the 28600 level. After this turn, Bitcoin saw the ATH level of 64k. In other words, we can say that those who invested in volume in the market did not allow the market to fall below this level. When we ask, are we bears in light of all this data? When we take into account that the bear season does not cover a period of 3-5 months, I still do not think we are bears. When volume day closings occur below 30k and when 30k appears as a strong resistance, then we can talk about the bear scenario. When we examine the current situation of BTC, we see that it closed a candle above the upward trend formed in the medium term with the reaction received from 28k. Afterwards, we come across the 34,600 level, which has not yet been passed. BTC It has created too much resistance and support between 33-41k. For this reason, it seems like there are too many points to be passed. Our first limit is 34,600, then the short-term downtrend needs to break. If these two points are passed, the 41k and -43k ranges that we have been saying for days are very, very important. If this is passed, our first stop will be the 46k level. However, please do not forget that we always need to follow the volume break of the resistance points in order for these levels to come. As a result, this decline in BTC did not change the analyzes we have done in the past weeks. We only confirmed that we are in the accumulation that I said on Twitter. Support and resistance ranges can be used to open a transaction, but the market is very prone to sudden dumps and pumps right now. Panic buying or selling should not be done. As I stated in the previous charts, I do not expect a decline in the medium and long term before closing below 30k. I still indicated the points that may come when it falls below 30k on the chart, but in such a case, we will update the chart again. I am currently doing an analysis on indicator data. When it is finished, I will share the indicator data along with the fundamental analysis. I hope what I said was understandable. If you have any additional ideas or opinions, I would be happy if you could state them. Information increases as it is shared. Note: The charts I have drawn are definitely not investment advice.