
                                    <div>
                                      <h3>Market View</h3>
                                      <p>Bullish on WIF, looking for buy opportunities on retest</p>
                                      <h3>Trading Strategy</h3>
                                      <p>Wait for price to retest .845 or .946 before entering a long position</p>
                                      <h3>Core Logic</h3>
                                      <p><ol>
    <li>
Two daily levels of interest: .845 and .946
    </li>
    <li>
price hasn't broken H4 highs despite market strength
    </li>
    <li>
interested in a fresh long on retest of green zone
    </li>
    <li>
H1 shows consolidation and breakout retest
    </li>
</ol></p>
                                    </div>
                                    

$WIF
Two Daily levels that catch my eye:  .845 and .946
- Price hasn't broken the h4 highs yet, even with market wide strength.
- A retest of Green is where I'm interested in a fresh long position.
H1 looks decent: consolidation and retest of the breakout point. Still

Senjin

Twitter

Bitcoin's fundamentals have never changed; what has changed is its price in a continuously depreciating fiat currency system.

The real risk of Bitcoin is never price pullbacks.

Author: Nancy, PANews
Original title: No Black Swan Events, Four Atypical Guesses About the Culprit Behind Bitcoin Overselling
---------------------------------------------------------------
A black swan-style crash has arrived, but we haven't seen where the black swan is, which is even more unsettling.
Almost without warning, Bitcoin suddenly plummeted, entering its third-largest oversold zone in history, causing both long positions to collapse and psychological barriers to fall. This has left the market perplexed...

The absence of black swan events suggests there may be other reasons for Bitcoin's current oversold condition.

Daily market data review and trend analysis, produced by PANews.
1. Market Observation
On February 6th, global financial markets experienced a "Black Friday," with mainstream assets initially showing gains across the board. However, a sell-off on Wall Street intensified, affecting almost all sectors, with only 200 stocks rising in the S&P 500. Weak employment data fueled investor concerns about economic resilience. US job openings in December fell to their lowest level since 2020, while January layoffs hit a record high since 2009. All three major stock indexes fell by more than 1%. Technology stocks were hit hardest, with the software sector declining for the eighth consecutive day...