Traditional Market Update!

⠀
Globally, weakness still persists, but locally the market is starting to shift its scenario.
⠀
1W timeframe remains largely unchanged compared to last week.
⠀
3D is showing the first attempt to move upward.
⠀
1D is approaching a key level: either a push toward the zero line or a strong pullback after the recent days of growth.
⠀
12H is now tightly approaching its moving average, a clear reaction is needed here.
⠀
Lower and mid timeframes (4H, 2H, 1H) are in a local uptrend, but the move lacks confidence to be considered strong.
⠀
Holding above the zero line on lower timeframes is gradually weakening.
⠀
🤔 Overall, it looks like the market is once again being carefully guided toward the moving averages. A resolution is likely soon, and after that, direction should become much clearer.
⠀
$BTC still stronger than the broader market:
⠀
- Continues to bounce upward from weekly support on 1W
⠀
- 3D confirms the move
⠀
- 12H and 1D show a confident attempt to hold above the zero line
⠀
However, 2H and 4H look less convincing and are closer to the overall market structure.
⠀
This week is shaping up to be eventful. Keep an eye on today’s 1W close, it could set the tone for the near term.