📊 Market at the start of the week!



Let’s first run through the ADP for the overall market:

3D timeframe: Signals are weak. There’s still room for downward movement

1D timeframe: There was a false breakout above zero followed by a quick return below the level

4H and 2H: These timeframes continue testing lower supports, a clear sign of weakness

The $BTC situation looks better:

1W: sideways consolidation

1D: holding above zero, with decent room left before reaching the zero level

4H and 2H: no strong dumps, buying pressure is dominant

On lower timeframes, both the broader market and Bitcoin are more often holding above the moving averages, this is a moderately positive signal

Locally the market looks bullish, but risks remain: attempts to rally may face manipulation

For now, the best approach is simply to observe and avoid rushing into entries!
BTC-5,44%
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