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BTC Analysis Today 09/01/2025
# BTC update 1/9
August candle close = bearish hammer candle, before that stophunt last month's upper wick then dumped strongly from 124x to 107x
Looking at the W+D Large Frame, it is a downtrend, not a broken uptrend structure (swinglow around 100k)
On W+D1, the bearish candle chain has not really rebuilt the green candle chain to bet Longing safely, so you have to be careful and scalp.
➡️Dissecting the small frame H1-M15, the current price of BTC is still trading around 108, OB (107.5) is also Support around D1 » this place does not bounce up immediately but breaks and closes below 107.3, then you guys should not Longing anymore » Fail Plan
➡️You can refer to Longing according to the H1 model, cut when BTC breaks 107.3
➡️My view is still expecting a recovery of at least 115.7k, further 118-119k
# ETH is currently stronger but still needs support from BTC to bounce back stronger (update ETH later for everyone)
#GapCME 117.3 has not been filled yet, guys.
Good luck with your trading 🍀
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