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Following the previous analysis on BTC, we saw Bitcoin as it crossed below the blue trendline and dumped towards lower levels.BTC has spent the past couple of days retesting the broken level of 106,700 and now it seems the retest is complete and BTC is ready to continue its move towards lower levels.Once again it is advised to look for Short setups across the market.

We followed BTC from the 74,000 low and stated that BTC would have a good upward move and will probably hit the previous ATH.In reality, BTC followed the analysis very nicely and after some 50% gain, it did hit the previous ATH.But looking at the chart right now and considering the bearish confluences on the chart, it seems BTC is likely to drop to lower levels namely 102,000, 94,000 and probably 88,000 so it is wise to look for sell opportunities across the market. An 8H or 12H close below the blue trendline will probably trigger the drop.

BTC has so far followed March 14th analysis in which it was stated that BTC needs to drop towards the the prz of 73,000 - 74,000 zone where if a good upward reaction occurs (which happened!), we can be optimistic about seeing BTC rising towards the previous ATH and even crossing above it.So far, bullish confluences can be seen on the chart and when BTC crosses above the blue descending trendline, it shall gain a better momentum. A good daily close above the 88,800 level shall further confirm this bullish scenario which goes along well with the USDT.D potential drop towards lower levels.

Bitcoin moved to touch the indicated trendline and has had a positive upward reaction so far. This upward reaction can wick into 89,000 zone as well but considering USDT.D chart, it's still unclear whether BTC keeps rising above the said zone or it goes for another temporary drop towards 73,000 - 77,000 zone.it is recommended to keep observing the market during Mon and early Tue (Eastern Asia time zones) to see market's decision.

#BTC update (1D)We followed BTC's drop from 95,000 zone and so far BTC has wicked 76,000 zone. 77,700 - 80,600 zone is a prz (potential reversal zone) so it is natural to see some support here but if Bitcoin is to continue rising to higher levels, it needs more time and probably another drop towards the next key prz of 73,000 zone. In fact it is highly crucial for BTC to have strong positive reaction (both price and volume) upon reaching the 73,000 zone and if that happens and BTC manages to cross above the blue descending trendline, higher targets will be activated. In this scenario, the drop from the 110,000 zone towards 73,000 zone, is considered the retest of the 73,000 zone which was once an ATH.The alternate scenario is to see BTC crossing below the long term weekly trendline and activating much lower targets. The reason for this scenario can be the possible incoming global recession due to Trump's tariff war which will definitely cause both Stock and Crypto markets to head for much lower levels.

As previously analyzed, BTC has been dumping rather heavily following the breaking of the blue trendline.Trump's tariff war is taking its toll on US stock market and also the crypto market. Investors are afraid of a possible recession in 2025 so they are selling heavily in both markets.we can define two possible scenarios for BTC for the upcoming weeks. One scenario is that the drop from 110,000 level is actually the retest of the previous ATH zone (73,000 zone). In this scenario BTC can even touch 69,000 zone as well but later forms a trading range and after touching the long term ascending trendline, can start another upward move to hit new ATH levels.The other scenario is that upon reaching the 73,000 zone, BTC will have a temporary reaction but later sell pressure adds up and it falls below the support zone and breaks the long term trendline and activates much lower targets such as 50,000 zone and 39,000 zone. (falling below 66,000 zone will probably activates the bearish scenario)

After reaching the blue trendline and having an upward reaction, BTC faced the dynamic resistance of the dotted trendline and dumped.It seems BTC is going to cross below the blue trendline and is going to touch 89,000 zone and this time, it will probably cross below that level as well.

As the leader of the altcoins, ETH is finishing its recent correction that began early December.By the end of the 1st week of Feb and somewhere around 3000 zone, ETH is expected to initiate a big upward move which is similar to Oct 2023 - March 2024 strong rally in terms of size and momentum, a move that shall take ETH towards new ATH.As ETH is considered the leader of the altcoins, its next heavy pump shall cause good pumps in many potential altcoins specially the ones related to ETH network.As always, crossing above the blue trendline is the initial trigger for the awaited pump.

Starting the new year, BTC managed to rise from the 91,000 zone and retraced some of its recent drop.Having reached the important zone of 102,000 - 103,500, BTC is showing heavy rejection off the mentioned zone and since the short-term indicated blue trendline is broken, it is safe to assume that BTC is once again heading for lower levels to complete its correction pattern,Important levels ahead are 91,000 , 88,750 and 87,300 but it is best for BTC to avoid dropping below the 90,000 level. However, one should take into account the possibility of a major liquidity hunt below the 90,000 level before a nice upward move.

As it was mentioned several times, 104,000 zone was a critical area for BTC and as you can see upon reaching that zone, BTC had an instant sharp dump towards 90,000 level.After some post-dump recovery (dead cat bounce), BTC and the entire market began dumping again today and based on several confluences, BTC will most probably see lower levels and the CME gap filling is also possible.As advised before, trader/investor should have liquidity/cash in order to buy the dip.