What market phase are we entering into has been the introductory question for our last appointments.
Welcome to Surfing the Market, we are already at our 16st appointment and I hope that with these easy tech analysis we have helped you in some forms, even just to evaluate different market perspectives.

Let’s start from our usual weekly perspective

WEEKLY CHART - Source: Tradingview

Let’s start from the new levels, that are more contemporary: the green horizontal line, that goes back to the late 2020, when the price had some uncertainty at the area 18500$-19000$. That will keep acting as our major resistance of this area, while the yellow has acted for the moment as a resistance trend-line that the price will need to follow and eventually to break to start another bull-trend

Screenshot on a D-TimeFrame of the Dollar Currency Index

Dollar Strength Index is showing strength meaning that Bitcoin is facing a hard strength from the US Dollar. And this is one of the reason why Bitcoin is quite sleepy/bearish.

Do you know why my target for trading is gaining portions of BTC to be higher than exactly 0.003 BTC? Give your answer here in the comments.

What do I expect from a daily perspective?

DAILY CHART - Source: Tradingview

Blue line has been broken in the most likely scenario I shared in the last week. Now the price seems to attempt a bounce-back to the Blue level, with no touch of 18.8k$ level that can potentially still be reached.

DAILY CHART - Source: Tradingview

Here is a daily chart, with key levels and the Moving Averages: red one is 50 periods and the blue one is 200 periods. 50 MA is changing trend, switching to a bearish trend. We do not see the blue one (200 periods) but it is still bearish and far from the price area.
We are getting closer to the bottom area of the Cloud of the Ichimoku Cloud. That can act as a resistance or a boost for the price. If the price manage to reach the blue line at first and then the Ichimoku area, we are going at least to break the blue resistance and then potentially later to get at the bottom level of the Cloud.

DAILY CHART - Source: Tradingview

What to observe particularly?

Market is very unstable at the moment. I am carefully taking some small long positions on altcoins that are showing some more potential. Anyway, I am mostly focused onto scalping right now, since I truly think that the market is highly unstable.
Let me know what you think about this new weekly appointment, and what indicators you would like to be taken into consideration more (or even explained).
Stay tuned and be sure to follow to get noticed when my contents come out.

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None of what I write can represent a financial advice in any form. So Do your own research before taking any kind of action