📌 BITCOIN MACRO ANALYSIS — 1W
Looking at Bitcoin from a higher-timeframe perspective, I believe we may be approaching a local bottom. 👀
Two major confluences support this outlook:
🔹 Previous Resistance → Support: A key resistance level is now acting as potential support.
🔹 Fibonacci Golden Ratio: BTC is approaching an important Fibonacci confluence zone.
🎯 My Outlook: Bitcoin may begin forming a base around the current price and these key support levels.
⚠️ This is a potential bottom, not a confirmed reversal. Watch for confirmation before making any trading decisions.
#BTC #Bitcoin #MacroAnalysis #FibonacciSecrets #CryptoAnalysis #BinanceSquare
Looking at Bitcoin from a higher-timeframe perspective, I believe we may be approaching a local bottom. 👀
Two major confluences support this outlook:
🔹 Previous Resistance → Support: A key resistance level is now acting as potential support.
🔹 Fibonacci Golden Ratio: BTC is approaching an important Fibonacci confluence zone.
🎯 My Outlook: Bitcoin may begin forming a base around the current price and these key support levels.
⚠️ This is a potential bottom, not a confirmed reversal. Watch for confirmation before making any trading decisions.
#BTC #Bitcoin #MacroAnalysis #FibonacciSecrets #CryptoAnalysis #BinanceSquare
