EcoByG Bitcoin Daily Analysis #24 — Daily BTC Market UpdateBitcoin / U.S. dollarBITSTAMP:BTCUSDecobyg1Bitcoin Daily Analysis – #24 Welcome to My Analysis 1️⃣ Weekly Market Structure – What does the big picture say? Up to the 126,272 high: Clear Higher High / Higher Low structure Step-by-step corrections No major structural break After the top: The first Lower High has formed But: There is no confirmed Lower Low yet 📌 The market has moved from a strong bullish trend into a correction / decision phase. It’s not bearish and it doesn’t get a free pass to continue bullish without conditions. 2️⃣ Candle Counting After the Top (This is the core) 🔹 The drop from 126K to ~103K Let’s look only at the candles: Around 6–7 bearish candles Bodies: medium-sized Not large, not panic-driven Wicks: both sides 📌 This drop looks like emotion flush, not aggressive distribution. If the market truly wanted to crash: We would see large red bodies, not this slow, controlled decline. 🔹 Reaction around the 102–103K zone What did we see here? Several candles with lower wicks Candle bodies started shrinking 📌 Buyers are still present, but cautious, not aggressive. 🔹 Break of the yellow uptrend line Yes, the line was broken. But what do the candles say? The breakout candle was not decisively strong No sharp selling followed 📌 We have a technical break, but no confirmed candle-based break yet. The market is basically saying: “The line broke… now let’s see what you do.” 3️⃣ Recent Candles Around 89–90K (Critical Zone) Look at the latest candles: Bodies: small Lower wicks: acceptable Volume: Increased But not explosive 📌 Sellers are applying pressure, buyers haven’t fully stepped aside. The market is negotiating — not surrendering, not attacking. 4️⃣ Weekly Levels – No Emotion 🟡 Resistances: 102,341 – 119,884 All-time high: 126,272 📌 As long as price stays below 102K, every move up is a pullback, not trend continuation. 🟢 Supports: 80,806 ← most important 69,860 – 64,000 What does 80–81K mean? The last valid weekly Higher Low If it breaks: Structure breaks not by opinion, but by candle confirmation. Final Take ❌ Not a zone for emotional longs ❌ Not a zone for confident shorts either This is a weekly decision phase. If you are: A short-term trader → range trade or stay out An investor → only a break of 80K should truly concern you ⚠️ Risk Alert ⚠️ Futures are not beginner-friendly. These triggers require solid experience. Before using them, study risk management and practice with the learning content here.