The main levels that you need to see amid economic uncertainty

Optimism that swept the encryption space after the president Donald TrumpThe elections were rapidly collided with the reality of the market. Once it was welcomed as a hero of digital assets – on charges of making the United States “the planet’s encryption capital” – rocked the last TROMP ranking from the broad global definitions of investor confidence, which resulted in sending shock waves through both traditional encryption and encryption markets.

Bitcoin, which rose to a record level of approximately $ 110,000 during the opening noise in January, decreased sharply, as more than 10 % decreased to less than 78,000 dollars.

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It is often seen as a hedge against traditional financing and sensitive assets sensitive to liquidity flows, as BTC now sits at a critical turn. Graphics began to reflect stress, with crystallization at the main technical levels that can dictate the next main step. In this piece, we will dismantle the most important areas to watch the Bitcoin scheme and what they might tell us in the coming days and weeks.

The monthly graph

Zoom is always important, because it provides a clearer image of the general direction of the market by reducing noise in the short term. From the lowest levels of November 2022 to the heights reached in January, Bitcoin increased by 611 % impressive.

Source: TradingView

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The important thing in the monthly graph is the current structure that has been formed since the bottom of 2022. The market has constantly maintained a higher direction for the lowest previous swing levels.

Bitcoin is currently trading at $ 80,200 as of Tuesday, a decisive level that must be kept. This level represents a 50 % decline of $ 79,500 from the previous fluctuation to the highest level ever. It is a normal support level where you want, as an investor or a trader, to see the request.

The weekly graph

Zoom in a slightly weekly time frame, we can see more details regarding the structure that formed the monthly fluctuations.

As of the current price procedure, BTC maintains a much greater degree than 50 EMA, which corresponds to the 50 % reaction level in the total trading range.