Updated

BTC is in strong support area based Fib Retracement

Hi again, for a long time I don't share my ideas here, so I'm trying to consistent share my thought here.

Technical

BTCUSD in strong support line based Fib Retracement on $76,113.25 (on daily Timeframe)
The price currently below the EMA 200
MACD still doesn't give the sign to long
BTC Dominance still high (60.39% based on Coinstast)

Macro

Based on similiar correlation with S&P500, it's still give no good sign to bounce back (it maybe going deeper)
About the global economy, US Tariff still give the global uncertainty and cold vibes haha

Summary
If you going long term, maybe you can go buy BTC in small size, is a good price to add the collection
If you going short term, I think it will be go deeper first

Thanks for your time!
I hope everyone have a good time and good health!

Trade active

Update:
BTC respect that line
because the global macro effect of trump delay 90 days the tariff thing, so the all market bullish on the short term.

Trade closed: target reached

Update:
Hit the 0.5 Fib level on $88,169.05
I'll close this trade.

If looking forward, wait the price action on this line.
My intuition say it won't break or false break, then it will go down further to $74k - $76k, but let's see!

Note

Re-visit to 0.382 Fib Line at $93,143
My intuition going wrong, real pumping now.
Big chance to retest the 0.236 Fib at $99,297 also psychology prices $100,000

kepinworks

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kepinworks

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